Dow, S&P 500 scale new peaks as $1 trln infrastructure invoice passes

A trader performs on the buying and selling flooring at the New York Inventory Trade (NYSE) in Manhattan, New York City, U.S., August 9, 2021. REUTERS/Andrew Kelly

  • Senate votes 69-30 to move infrastructure package deal
  • ‘Meme stock’ AMC rises on upbeat Q2 outcomes
  • Kansas City jumps as Canadian Pacific sweetens buyout supply
  • Indexes: Dow up .39%, S&P rises .22%, Nasdaq down .24%

Aug 10 (Reuters) – The blue-chip Dow and the benchmark S&P 500 hit history highs on Tuesday, lifted by a rally in overall economy-connected value stocksafter the Senate passed a significantly-anticipated bipartisan $1 trillion infrastructure package.

A prime precedence for President Joe Biden, the invoice could provide the nation’s major investment in decades in streets, bridges, airports and waterways. Senators also began voting on a comply with-up $3.5 trillion paying out package that Democrats strategy to move with out Republican votes. read a lot more

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