Confident deal on domestic investment bill is within reach

US Senate Democratic Leader Chuck Schumer said on Tuesday that Democrats are continuing to make progress on US President Joe Biden’s economic plan, as reported by Reuters.

“I remain confident a deal is within reach on the large domestic investment bill,” Schumer added.

Market reaction

Risk flows continue to dominate the financial markets following these comments. As of writing, the S&P 500 and the Dow Jones Industrial Average indexes were trading at new record highs, rising 0.6% and 0.4% on a daily basis, respectively.