Cleveland-Cliffs, Raw Materials Stocks Rise on Infrastructure Bill Passage – www.barrons.com

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.

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