- Infrastructure-related stocks are on the march higher after the Trump administration released highly-anticipated details about its infrastructure plan.
- They include stimulating at least $1.5T in new investment, shortening project permitting time to two years, improving training to get more qualified workers and boosting investment in rural projects.
- The proposal also calls for allocating $200B in federal funds over a decade, mostly as seed money to spur states, localities and the private sector to spend the balance of the promised investment, according to a White House official.
- President Trump plans to meet with state and municipal officials to discuss plan at 11 a.m. EST.
- Previously: Trump to unveil infrastructure plan (Feb. 12 2018)
- Related tickers: (AA +0.3%), (AKS +3.2%), (CAT +1.5%), (CLF +2%), (CX +0.7%), (DE +1.4%), (FLR +0.8%), , (MT +0.5%), (NUE +0.6%), (PWR +0.3%), (STLD +0.7%), (URI +0.5%), (USCR +2.7%), (USG +0.5%), (VMC +1.6%), (X +1.8%)
- Now read: Cemex: Is It Time To Buy Now?
Original article