Investors are piling into infrastructure stocks after House passes Biden plan
Posted on AllSides November 8th, 2021
From The Center
Jonathan Ernst | Reuters
Stocks tied to infrastructure moved higher on Monday morning after the House of Representatives passed a $1 trillion bill over the weekend, giving President Joe Biden one of his signature achievements and rewarding investors who bet on his plan.
The strength for those infrastructure stocks showed up in the Global X US Infrastructure Investment ETF, which trades under ticker PAVE, as it gained 1.5% and hit an all-time high in the opening minutes of the session. The fund’s top holdings include stocks like Nucor and Vulcan Materials, which moved solidly higher on Monday morning....
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