Infrastructure Stocks Rise On Trump’s $1 Trillion ‘National Rebuilding’ Plan

Infrastructure stocks including equipment maker Caterpillar (CAT), U.S. Steel (X) and construction materials supplier Vulcan Materials (VMC) all were buoyed in early Wednesday trading by optimism over President Trump’s speech to Congress last night. Trump didn’t offer details but reiterated his plan to invest $1 trillion in new roads, bridges, tunnels, airports and railways via a combination of public and private funds. Even as the Dow Jones industrial average and S&P 500 index surged to record highs at the opening bell on the stock market today, infrastructure stocks were generally outperforming the major averages.