Wall Street believes in Biden after countless wrong infrastructure bets

Wall Street is once again betting on infrastructure. And after four years of dashed hopes, investors have reason to believe Washington will finally get something done to repair highways, and spend more on telecom networks.

News: What you need to know about the markets     Wall Street believes in Biden after countless wrong infrastructure bets Wall Street is once again betting on infrastructure. And after four years of dashed hopes, investors have reason to believe Washington will finally get something done to repair highways, and spend more on telecom networks. Read more »   Car prices surge as GM shuts more plants during chip shortage General Motors is temporarily shutting down more auto plants, leading to tight inventories at dealerships and higher prices for customers. The global chip shortage is to blame. Read more »   Can anything derail the 'Goldilocks' economy? America's economy could be heading for a golden era of growth. But higher prices and the coronavirus pandemic still present risks. Read more »   Chinese tech firms with ties to the military added to US blacklist The Biden administration is keeping up the pressure on Chinese technology firms by adding more companies to a Commerce Department blacklist. Read more »   Jobless claims are on the rise again. But that doesn't mean the recovery is doomed Claims for unemployment benefits recently fell to a pandemic-era low. But they rose again last week, muddying the picture of the US jobs recovery. Read more »   The guy who started GameStop mania will soon be chairman of the board George Sherman may still be the CEO of meme stock poster child GameStop. But it looks like Chewy co-founder Ryan Cohen is really running the show. Read more »

Dow Nasdaq S&P +57.31   +140.47   +17.22 33,503.57   13,829.31   4,097.17 +0.17%   +1.03%   +0.42% YTD +9.47%   YTD +7.30%   YTD +9.08%

Biggest Winners Twitter Inc +3.23%   Bio Rad Laboratories Inc +2.70%   Waters Corp +2.63%   ServiceNow Inc +2.61% Biggest Losers Constellation Brands Inc -4.57%   Lumen Technologies Inc -4.23%   Cabot Oil & Gas Corp -3.41%   Baker Hughes Co -3.36%

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Key Market Stats Latest Today's Change Oil $59.80 +0.20 / +0.34% Gold $1,757.90 -0.30 / -0.02% 10-yr 1.63% -0.02 Euro $1.19 +0.00 / +0.36%

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