<p>Wall Street stocks were mixed early Wednesday with infrastructure stocks gaining on the Democratic edge in key Senate elections, while private hiring data sagged.</p>.<p>President-elect Joe Biden's party was the declared winner in one of the races and narrowly ahead in the other race, boosting speculation a public works spending package could be enacted.</p>.<p>About 35 minutes into trading, the Dow Jones Industrial Average was up 0.9 percent at 30,655.16.</p>.<p>The broad-based S&P 500 gained 0.2 percent to 3,735.90, while the tech-rich Nasdaq Composite Index dropped 0.8 percent to 12,722.47.</p>.<p>Ahead of the Georgia vote, markets had been anxious over the possibility that a Democratic sweep would lead to major tax increases and other big changes.</p>.<p>But markets appeared to take a fairly benign view of the results. Infrastructure stocks rallied, with Caterpillar up 5.0 percent and United States Steel up 7.5 percent.</p>.<p>Analysts noted that even if Democrats win both seats, Biden's party will have only narrow margins in both houses of Congress.</p>.<p>A note from Goldman Sachs predicted a Democratic Senate would lead to about a $600 billion fiscal package this year, "followed by a limited amount of tax increases and spending increases later in the year."</p>.<p>US private employment fell 123,000 in December, according to private data that was far weaker than expected and sparked worries about Friday's more closely watched government jobs report.</p>
<p>Wall Street stocks were mixed early Wednesday with infrastructure stocks gaining on the Democratic edge in key Senate elections, while private hiring data sagged.</p>.<p>President-elect Joe Biden's party was the declared winner in one of the races and narrowly ahead in the other race, boosting speculation a public works spending package could be enacted.</p>.<p>About 35 minutes into trading, the Dow Jones Industrial Average was up 0.9 percent at 30,655.16.</p>.<p>The broad-based S&P 500 gained 0.2 percent to 3,735.90, while the tech-rich Nasdaq Composite Index dropped 0.8 percent to 12,722.47.</p>.<p>Ahead of the Georgia vote, markets had been anxious over the possibility that a Democratic sweep would lead to major tax increases and other big changes.</p>.<p>But markets appeared to take a fairly benign view of the results. Infrastructure stocks rallied, with Caterpillar up 5.0 percent and United States Steel up 7.5 percent.</p>.<p>Analysts noted that even if Democrats win both seats, Biden's party will have only narrow margins in both houses of Congress.</p>.<p>A note from Goldman Sachs predicted a Democratic Senate would lead to about a $600 billion fiscal package this year, "followed by a limited amount of tax increases and spending increases later in the year."</p>.<p>US private employment fell 123,000 in December, according to private data that was far weaker than expected and sparked worries about Friday's more closely watched government jobs report.</p>