Infrastructure Stocks Climb as Trump Pledges to Spend 'Big'
- President’s remarks come ahead of address to Congress Tuesday
- Infrastructure-linked basket rises more than 3 percent
Trump Says We Need to 'Spend Big' on Infrastructure
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President Donald Trump breathed some life back into beaten-down stocks that have been seen as benefiting from higher spending on highways and bridges, promising to spend "on infrastructure big."
Construction materials and steel makers are among the best-performing industries on the S&P 500 on Monday, with a basket of infrastructure-linked stocks compiled by Bespoke Investment Group climbing more than 3 percent.