Cleveland-Cliffs, Raw Materials Stocks Rise on Infrastructure Bill Passage
From www.barrons.com
2021-11-08 16:53:00
Excerpt:
Shares in companies that make construction materials were moving higher Monday after the House of Representatives passed a $1.2 trillion infrastructure bill, paving the way for major spending on construction.
The bill, passed Friday after months of debate, authorizes current spending and commits $550 billion in new federal dollars that will head toward roads, bridges, and highways, as well as improve internet infrastructure and the electric grid, among other projects.