Record closes for S&P 500, Dow | Biden says corporate tax hike won't hurt economy | Cathie Wood's new stock pick

Stocks roared on Monday with record closes for two of the major indexes.

VIEW IN BROWSER | SUBSCRIBE MON, APR 05, 2021 EVENING BRIEF AS OF MON, APR 05, 2021 • 05:15 ET DJIA 33527.19 +1.13% +373.98 S&P 500 4077.91 +1.44% +58.04 NASDAQ 13705.59 +1.67% +225.49   Most Active DOW NAME LAST CHG %CHG AAPL 125.90 +2.90 +2.36% MSFT 249.07 +6.72 +2.77% INTC 66.54 +1.99 +3.08% S&P 500 NAME LAST CHG %CHG AAPL 125.90 +2.90 +2.36% F 12.70 +0.53 +4.36% VIAC 42.90 -1.74 -3.90% NASDAQ NAME LAST CHG %CHG AAPL 125.90 +2.90 +2.36% TSLA 691.05 +29.30 +4.43% MSFT 249.07 +6.72 +2.77%   EDITOR'S NOTE Stocks roared on Monday with record closes for two of the major indexes.   The S&P 500 closed at 4,078, a jump of 1.4%. Meanwhile, the Dow Jones Industrial Average climbed more than 370 points to end the day at 33,527.   The Nasdaq Composite also jumped, rising 1.6%. Tech companies enjoyed a boost as investors bet on growth stocks. Amazon and Apple rose by more than 2%. Facebook climbed 3.4% and Google-parent Alphabet rallied more than 4%.   Oil companies and banks slumped. Chevron and Goldman Sachs were among the Dow's laggards today, while Occidental Petroleum and Pioneer Natural Resources weighed on the S&P 500.   Meme stocks made headlines on Monday, with GameStop ending the day down more than 2%. The video-game retailer's stock price slid by as much as 14% after the company said it may sell up to $1 billion worth of additional shares.   Fellow Reddit darling AMC Entertainment jumped more than 13% after B. Riley Securities upgraded the cinema operator to "buy."   Considering the recent run-up in the S&P 500, the Dow Industrials and Dow Transports, Stephen Suttmeier, technical research strategist at Bank of America, now wonders when some of that positive momentum might spread to other indexes.   "[We] would like to see new highs across other indices such as the Russell 2000, Nasdaq 100 and MSCI Emerging Markets to provide further bullish confirmation, especially given bullish seasonality in April," he wrote in a note today. Darla Mercado | CNBC Markets and Investing Editor @Darla_Mercado TOP NEWS  Dow climbs 370 points to close at a record high amid optimism on the economic recovery Biden says higher corporate tax won't hurt economy; Manchin opposes 28% rate GameStop shares cut losses after the Reddit favorite plans a $1 billion stock sale Disney, Geico and other corporations backed Florida lawmakers now sponsoring restrictive voting bills These stocks are the best buys in the internet sector, says Evercore ISI's Mark Mahaney The Fed could come under fire for easy policy while the economy soars and inflation rises Fed's Mester lauds jobs report, but says loose policy is staying put New batch of $1,400 stimulus checks includes 'plus-up' payments to those eligible for more money Yellen speech confirms that the U.S. is back on the world stage CEO of Kayak's parent says vaccine passports will make it safer for people to travel   TOP VIDEO Cleveland Fed president: Not concerned inflation will run away from us   CNBC PRO Cathie Wood just bet on an under-the-radar stock that should benefit from the infrastructure boom   SPECIAL REPORTS The IRS can adjust any stimulus check money you're owed when you file your 2020 tax return. Here's why Consumer protection group proposes rule to prevent foreclosures until 2022   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS