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Aug. 10, 2021, 4:08 p.m. EDT

Dow, S&P 500 book record closes as Senate passes infrastructure bill, investors await inflation readings

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By Mark Decambre

U.S. stocks finished at or near records on Tuesday, as the Senate passed a $1 trillion infrastructure bills and investors awaited data due this week on inflation. The Dow Jones Industrial Average [: DJIA] closed about 162 points, or 0.5%, at 35,265, while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.90% ended up 0.1% at 4,436, on a preliminary basis. It was the 31st record closing high for the Dow in 2021 and the 45th for the S&P 500. The Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -1.55% ended 0.5% lower at around 14,788. The gains come as the Senate on Tuesday voted 69-30 to approve a bipartisan infrastructure bill, sending the $1 trillion measure to the House of Representatives for its approval. The bill, known as the Infrastructure Investment and Jobs Act, calls for $550 billion in new public-works spending above what already was expected in future federal investments, including $110 billion for roads, bridges and other projects, as well as $66 billion for rail, $65 billion for broadband internet and $55 billion for water systems. In corporate news, shares of AMC Entertainment Holdings /zigman2/quotes/200235402/composite AMC -7.87% reversed an early surge and ended lower after the movie-theater chain reported a narrower quarterly loss late Monday.

/zigman2/quotes/210599714/realtime
US : S&P US
4,567.00
-88.27 -1.90%
Volume: 4.07B
Nov. 30, 2021 4:57p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
15,537.69
-245.14 -1.55%
Volume: 5.77M
Nov. 30, 2021 5:12p
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/zigman2/quotes/200235402/composite
US : U.S.: NYSE
$ 33.94
-2.90 -7.87%
Volume: 41.18M
Nov. 30, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$18.93 billion
Rev. per Employee
$43,642
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