S&P 500 Index opens slightly higher, eyes on infrastructure news

• Major equity indexes in the US opened near Monday's closing levels.
• Investors await news on the US infrastructure bill.
• Energy shares rebound on the back of rising crude oil prices.

Wall Street's main indexes opened flat on Tuesday as investors seem to be staying on the sidelines while waiting for news regarding the infrastructure bill. As of writing, the S&P 500 Index was up 0.1% on the day at 4,437, the Dow Jones Industrial Average was rising 0.06% at 35,128 and the Nasdaq Composite was gaining 0.12% at 14,876.

Among the 11 major S&P 500 sectors, the Energy Index is rising 0.8% on the day supported by a 1% increase witnessed in crude oil prices. On the other hand, the defensive Real Estate and the Utilities indexes both lose 0.15% after the opening bell.

Earlier in the day, the data from the US showed that Unit Labor Costs increased by 1% in the second quarter but this print was largely ignored by market participants.

S&P 500 chart (daily)