News Formal

Dow rises after Georgia vote, infrastructure stocks up | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

NEW YORK, Jan 6 — Wall Street stocks were mixed early today with infrastructure stocks gaining on the Democratic edge in key Senate elections, while private hiring data sagged. President-elect Joe Biden’s party was the declared winner in one of the races and narrowly ahead in the other race,...

About 35 minutes into trading, the Dow Jones Industrial Average was up 0.9 per cent at 30,655.16. ― Reuters pic

President-elect Joe Biden’s party was the declared winner in one of the races and narrowly ahead in the other race, boosting speculation a public works spending package could be enacted.The broad-based S&P 500 gained 0.2 per cent to 3,735.90, while the tech-rich Nasdaq Composite Index dropped 0.8 per cent to 12,722.47.

But markets appeared to take a fairly benign view of the results. Infrastructure stocks rallied, with Caterpillar up 5.0 per cent and United States Steel up 7.5 per cent.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 dips off record high, Dow rises on bank earnings | Malay MailNEW YORK, April 15 — The S&P 500 dipped after hitting a record high for the fourth session in five and the Dow Industrials rose yesterday, as Wall Street banks kicked off earnings season with first-quarter numbers that lifted hopes for a strong corporate rebound. Goldman Sachs Group Inc rose...
Source: malaymail - 🏆 1. / 86 Read more »