DE - Cleveland-Cliffs leads rally in materials stocks after infrastructure bill passes

Shares of companies that make materials used in construction are poised to open with gains after the House of Representatives passed the $1.2T infrastructure bill. Steel companies shoot higher in pre-market trading: CLF +5.8%, X +5.3%, NUE +6%, STLD +5%, TMST +2.7%. Aluminum companies are higher: AA +3.3%, CENX +2.8%. Suppliers of building materials sport broad gains: VMC +5.6%, MLM +5.1%, SUM +6.3%, EXP +3.3%, CX +7.9%. Equipment makers and engineering firms also look for a strong open: CAT +5.4%, DE +2.7%, TEX +3.5%, URI +6.5%, FLR +3.1%, GVA +2.6%, J +3%. Also see five ETFs poised to gain ground from the bipartisan infrastructure bill.

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Cleveland-Cliffs leads rally in materials stocks after infrastructure bill passes