Stocks again reach records on easing Fed concerns and infrastructure hopes

Global equities rebounded following the prior week’s volatility, with stocks showing strong gains as investors resumed their risk-on mode. The MSCI EAFE, EM, and ACWI ex-USA benchmarks each added around 1.5%, while the DJIA, S&P 500 and tech-heavy Nasdaq gained between 2.4% and 3.4%.