Infrastructure Stocks Rally After Biden Infrastructure Plan Passes
Andrew MoranThe Epoch TimesThe S&P 500 closed above 4,700 Nov. 8, recording a fresh record high after Congress approved President Joe Biden’s infrastructure spending proposal. The Dow Jones Industrial Average and the Nasdaq composite also touched new all-time highs.During a raucous Nov. 5 on Capitol Hill, the House of Representatives passed a $1.2 trillion bipartisan infrastructure bill. The legislation, which received a final vote of 228–206, now heads to President Biden’s desk for his signature.“We took a monumental step forward as a nation,” President Biden told reporters Nov. 6. “We did something that’s long overdue … a once-in-a-generation investment that’s going to create millions of jobs modernizing infrastructure, our roads, our bridges, our br