The Dow Jones closed with a record rise
The Dow Jones settled with a record increase on Tuesday. The stock market was driven by the US Senate’s approval of the decade’s most extensive infrastructure investment plan.
The Dow Jones advanced by 0.46% or 162.82 points, to 35,264.67. Meanwhile, the selective S&P 500 gained 0.10% or 4.40 points and set a new record at 4,436.75.
The Nasdaq fell by 0.49% or 72.09 points and ended at 14,788.09.
The US Upper House said yes to the great infrastructure plan that has been under negotiation for months and is now pending the approval of Congress.
The initiative, one of the top priorities of President Joe Biden, is valued at $1.2 trillion. It will be the most significant investment in public works in the United States in a decade.
Markets expect the plan to give new force to the country’s economy, undergoing a rapid but uneven recovery after the COVID-19 crisis, but doubts remain.
The energy sector benefited from the news the most
Some stocks that could be particularly benefited by the new public investment, such as steel producers, registered some of the most significant increases in a session.
The energy sector experienced the best performance increasing by 1.72%. It was followed by raw materials and industrial sectors, adding 1.48% and 1.01%, respectively.
Meanwhile, real estate, technology, and health sectors were the only ones closing in the red.
The new records for the Dow Jones and the S&P 500 followed those reached by these indices last Friday. A better-than-expected July employment report drove their increase.
Today, among the thirty Dow Jones stocks, the biggest winner was Caterpillar, surging 2.48%. Walmart followed it, adding 2.13%, and Dow gained 2.10%. The most significant losses were led by Salesforce, yielding 2.38%. Meanwhile, American Express slipped by 0.81%, and Visa lost 0.80%.
Investors are waiting for the data about the evolution of inflation.
The Nikkei keeps upside trend
The Tokyo stock market has risen for four consecutive business days.
The Nikkei advanced by 0.7% or 182.36 yen to 28,070.51.
The closing price of TOPIX was 1954.08, which was 17.80 points (0.9%) higher than the previous day.
Japan has been supported by the US Senate passing the largest infrastructure bill to help economy-sensitive stocks. Another positive factor for Tokyo investors was the excellent financial results achieved by Japanese companies.
Among the equities with the highest capitalization, the technological Softbank lost 1.75%. Meanwhile, Toyota Motor gained 0.98%.
At the same time, the video game company Nintendo increased by 3.60% and the electronic components manufacturer Lasertec slid by 5.86%.
Rubber, maritime transport, iron and steel sectors posted the most significant rise.
In the first section, 1,498 stocks advanced, and 621 shares fell. Meanwhile, 71 ended unchanged. The trading volume was 2.64 trillion yen.
