$1 trillion bipartisan infrastructure bill on Senate floor

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The US Senator Sinema says introduces roughly $1 trillion bipartisan infrastructure bill on the Senate floor.

Sinema’s action clears the path for the amendment process in a step toward passage of infrastructure bill, bullish for US stocks and risk appetite for the start of the week. 

The majority leader Chuck Schumer on the floor:

“The bipartisan group of senators has finished writing the text of the infrastructure bill and in a moment, I’ll take the procedural steps to make their legislative language the base of the bill here on the floor.”

Additional notes

US Senate infrastructure bill sets $550 billion in new spending-republican senator portman.

$550 billion in new infrastructure investment would occur over five years-democratic senators mark warner.

Dow technical analysis

Technically, after surpassing the daily 78.6% Fibonacci threshold (34,850) earlier in the week, the Dow remains in good stead for additional gains above 35,000 with the 35,500s the level to beat.

 

Source fxstreet

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