US: Stocks edge higher ahead of infrastructure vote
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[NEW YORK] Wall Street stocks edged higher early Tuesday as markets monitored the latest US coronavirus trends and awaited a key Senate vote on a large infrastructure package.
A sharp uptick in Covid-19 infections in several states including Florida and Texas threatens to put a damper on the US recovery, weighing on oil prices and travel stocks on Monday.
But on the positive side, the Senate appears poised to approve President Joe Biden's US$1.2 trillion infrastructure package in a bipartisan vote later Tuesday morning.
About 15 minutes into trading, the Dow Jones Industrial Average stood at 35,125.63, up 0.1 per cent.
The broad-based S&P 500 also climbed 0.1 per cent to 4,436.53, along with the tech-rich Nasdaq Composite Index, which was at 14,875.48.
AFP
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