S&P/ASX 200 gains 0.51% after S&P 500 and Nasdaq hit record highs

S&P/ASX 200 (INDEXASX:XJO) has gained 0.51% to 7,312 points by 1 pm after two straight days of losses, as both the S&P 500 and Nasdaq hit record highs on Thursday. U.S. President Joe Biden said on Thursday that the White House had reached an infrastructure deal after meeting with a bipartisan group of senators. Locally, mining stocks are standing out and extending their winning streak to a fourth day after concerns of higher US interest rates knocked commodities and mining stocks lower last week. Endeavour shares surge Newly-listed Endeavour Group Ltd (ASX:EDV) was trading 6.3% higher at $6.4 on its second day as a separate entity from Woolworths (ASX:WOW). The drinks, pubs and, pokies spin off had hit a high of $6.60 in early trade. Sydney’s COVID-19 situation remains worrying after NSW reported 22 new cases with people in four local government areas ordered to not leave their homes unless absolutely necessary from midnight. Top gainers Today’s top gainers on the ASX include Cipherpoint Ltd (ASX:CPT) (+30.43%), GTI Resources Ltd (ASX:GTR) (+13.64%), Ioneer Ltd (ASX:INR)(+13.79%), Rimfire Pacific Mining N L (ASX:RIM) (+28.57%), Suda Pharmaceuticals Ltd (ASX:SUD) (+15.09%) and Latitude Consolidated Ltd (ASX:LCD) (+10.53%). Proactive news headlines: Galena Mining completes first US$30 million drawdown under Abra debt facilities Galena Mining Ltd (ASX:G1A) (FRA:GM6) continues on the path to production from the Abra Base Metals Project with Abra Mining Pty Ltd (AMPL), the joint venture company for the project, completing its first US$30 million drawdown of the Taurus Debt Facilities. Red River Resources extends Glencore relationship by securing Hillgrove offtake deal Red River Resources Limited (ASX:RVR) (FRA:R1R) has received a further boost at the restarted Hillgrove Gold Mine in northern NSW by signing an offtake agreement with leading global commodity producer and trader Glencore International AG. Alice Queen opens higher on hitting further copper-gold mineralisation in diamond drilling at Boda East Alice Queen Ltd (ASX:AQX) has intersected further copper-gold in three diamond drill holes at Boda East within the Yarindury Project in the prolific Lachlan Fold Belt of central New South Wales. Focus Minerals lifts CNX resource at Coolgardie Gold Project by 30% to 159,000 ounces Focus Minerals Ltd (ASX:FML) has released a mineral resource upgrade for CNX deposit of the Coolgardie Gold Project in WA with the open pit resource increasing 30% to 159,000 ounces.