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Aug. 10, 2021, 9:34 a.m. EDT

Dow, S&P 500 and Nasdaq rise tepidly to start Tuesday action as investors await Senate vote on infrastructure

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By Mark Decambre

U.S. stocks edged higher Tuesday morning, as investors watched the global spread of the delta variant of the coronavirus that causes COVID-19 and searched for fresh catalysts to keep pushing equities higher. Investors were also awaiting the passage of a infrastructure package by the Senate later in the session. Energy prices /zigman2/quotes/206420077/composite XLE -0.79% , meanwhile, were rebounding from a sharp rout. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.17% rose 0.1% at 35,129, the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.84% advanced 0.1% at 4,436, and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -1.92% climbed 0.2% at 14,888. Meanwhile, the Senate was set to pass a roughly $1 trillion infrastructure package with broad bipartisan support Tuesday, advancing a central piece of President Biden's economic agenda. In corporate news, shares of AMC Entertainment Holdings /zigman2/quotes/200235402/composite AMC -4.19% climbed after the movie-theater chain reported a narrower quarterly loss late Monday, and a deal with AT&T's /zigman2/quotes/203165245/composite T +1.78% Warner Bros. over showing its movies in theaters before streaming. In COVID news, the highly transmissible delta variant of the coronavirus-borne illness COVID-19 has driven the daily average of new cases in the U.S. above 100,000 for the first time since February and created a crisis in Austin, Texas, where hospitals are running out of intensive care unit beds. The U.S. seven-day average of new cases stood at 110,360 on Sunday, according to a New York Times tracker, up 112% from two weeks ago. Hospitalizations have climbed 90% and deaths are up 92% in the period.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 55.14
-0.44 -0.79%
Volume: 37.94M
Dec. 3, 2021 4:00p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,580.08
-59.71 -0.17%
Volume: 444.85M
Dec. 3, 2021 5:35p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,538.43
-38.67 -0.84%
Volume: 2.71B
Dec. 3, 2021 5:35p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
15,085.47
-295.85 -1.92%
Volume: 4.96M
Dec. 3, 2021 5:16p
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/zigman2/quotes/200235402/composite
US : U.S.: NYSE
$ 29.01
-1.27 -4.19%
Volume: 66.19M
Dec. 3, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$14.91 billion
Rev. per Employee
$43,642
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/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 23.46
+0.41 +1.78%
Volume: 70.54M
Dec. 3, 2021 4:02p
P/E Ratio
193.09
Dividend Yield
8.87%
Market Cap
$167.53 billion
Rev. per Employee
$746,783
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