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NEW YORK Investors will watch Washington in the coming week for clues on whether an outsized rally in shares of companies that would benefit from President…
NEW YORK: Investors will watch Washington in the coming week for clues on whether an outsized rally in shares of companies that would benefit from President Joe Biden’s proposed $1.7 trillion infrastructure plan has more room to run. Expectations of spending from Washington on bridges, roads, and tunnels bolstered so-called value stocks, especially the industrials and
President Joe Biden and Republicans entered the weekend sharply at odds over how to craft an infrastructure deal that could satisfy their camps, imperiling the odds of a bipartisan deal. Democrat Biden shot down a new proposal from the main Republican negotiator on infrastructure, Senator Shelley Moore Capito, that increased.