- Major US stock indices opened near Monday’s closing levels.
- Investors await news on the US infrastructure bill.
- Energy stocks rebound thanks to rising crude prices.
The main Wall Street indices they opened plans on Tuesday as investors appear to be on the sidelines as they await news on the infrastructure bill. At time of writing, the S&P 500 Index was up 0.1% on the day to 4,437, the Dow Jones Industrial Average was up 0.06% to 35,128 and the Nasdaq Composite was up 0.12% to 14,876.
Among the top 11 sectors in the S&P 500, the Energy Index is up 0.8% on the day supported by an observed 1% rise in crude oil prices. On the other hand, defensive indexes for real estate and utilities lose 0.15% after the opening bell.
Earlier in the day, US data showed unit labor costs rose 1% in the second quarter, but this figure was largely ignored by market participants.
S&P 500 chart (daily)
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