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

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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.

 

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