Infrastructure Stocks Slump as Stimulus Not Seen Until 2018
- Trump expected to focus on healthcare, tax reform first
- Basket of infrastructure stocks drop as much as 5 percent
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Investors who bet Donald Trump would quickly make good on his pledge to fix the nation’s highways and bridges are being taken for a road-trip in financial markets.
A basket of infrastructure-linked stocks is having its worst day since the end of June amid speculation a jam-packed political calendar will delay any stimulus program until 2018. Lawmakers are prioritizing other issues such as tax reform and the repeal and replacement of the Affordable Care Act, the news website Axios reported Thursday, citing unnamed Republican Party sources.