But comments by President Joe Biden that China could, in his words eat our lunch weighed on investor sentiment at a meeting in which he told senators he would work to modernize US infrastructure.

He said the U.

S must raise its game to compete with China.

Tech stocks, Microsoft in video and Intel led the rally that drove the NASDAQ up 4/10 percent and the S and P 2/10 percent.

The Dow closed flat.

National Securities Chief market strategist Art Hogan This has been the week of the pause, which is okay because last week was the week of the rebound rally.

The price of Bitcoin rose to an all time high after digital currencies gained.

MAWR INSTITUTIONAL SUPPORT Credit card company MasterCard said it plans to offer support for some crypto currencies on its network this year, while Bank of New York Mellon, America's oldest bank, formed a new unit to help clients hold transfer and issue digital assets.

POT Stocks got slammed, reversing Wednesday's outsized gains till rate dropped by half and Africa sank 36%.

After the markets closed, shares of Disney rose.

The entertainment giant's quarterly revenue dropped less than expected.

Its fast growing video streaming business helped offset some of the damage.

The health crisis has dealt on its theme park and movie studio businesses.