Construction stocks surge on Trump infrastructure program
Investment in construction and engineering companies is up in anticipation of a significant infrastructure-spending program promised by president-elect Donald Trump.
Kim Slowy of the Construction Dive blog reports that the Wall Street Journal says the November 9, 2016 gains were on top of material-stock increases already seen this year by companies like Vulcan Materials Co. and Martin Marietta Materials Inc., which serve the construction industry.
Although both Hillary Clinton and Trump made infrastructure a part of their campaign platforms, analysts feared that neither would be able to gain enough traction if this week's elections resulted in a divided Congress. However, those concerns have been somewhat quelled as Republicans now have the majority in both the House and Senate.
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