Agree.Anything infrastructure related (think steel) is going to benefit.
The bill, which now heads to the House of Representatives for a vote, could provide the United States with its biggest investment in decades in roads, bridges, airports and waterways.

ASX likely to hit new records, Dow Jones climbs to new high
after Joe Biden's stimulus win

By business reporterDavid Chau, wires

Posted 1h ago1 hours ago,updated 32m ago32 minutes ago

The ASX 200 has lifted by almost 15pc since the year began.(

AAP/JEREMY PIPER/FILE

)

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The Australian share market, already at record highs, is expected to rise even further in morning trade today.

ASX futures were up 0.3 per cent (to 7,484 points) by 7:00am AEST.

The Australian dollar was slightly weaker at 73.45 US cents (down 0.1 per cent).

Local investor sentiment is likely to get a boost from Wall Street's overnight session, which ended in record highs for the Dow Jones and S&P 500 indices.

Investor sentiment was boosted by the US Senate passing a $US1 trillion bipartisan infrastructure bill, a significant victory for President Joe Biden's economic agenda.

The bill, which now heads to the House of Representatives for a vote, could provide the United States with its biggest investment in decades in roads, bridges, airports and waterways.

The Dow Jones Industrial Average closed 0.5 per cent higher (at 35,265).

The S&P 500 gained 0.1 per cent (to 4,4367), but the Nasdaq Composite dropped 0.5 per cent (to 14,788).

Energy stocks were buoyed as recently beaten down oil prices jumped overnight.

Brent crude futures settled at $US70.63 per barrel (up 2.3 per cent).

Spot gold slipped to $US,1728.21 an ounce (down 0.1 per cent).

ABC/Reuters

https://www.abc.net.au/news/2021-08-11/asx-australian-shares-wall-street-dow-jones-stimulus-biden/100366844