Biden Says Infrastructure Deal to Move Ahead on Two-Tracks

The video discusses the market's reaction to the announcement of a bipartisan infrastructure deal. Abigail Doolittle reports on the positive performance of engineering and construction companies, indicating investor confidence in the deal's success. The S&P 500 industrial sector reaches session highs, while bonds remain stable. Emily Wilkins provides insights from Capitol Hill, highlighting President Biden's support and the challenge of securing 60 Senate votes for the plan.

What was the initial market reaction to the infrastructure deal announcement?

• A decline in engineering and construction stocks

• No change in the S&P 500 industrial sector

• A rally in the S&P 500 industrial sector

• A decline in the S&P 500 industrial sector

Which companies showed significant stock performance following the infrastructure deal announcement?

• Engineering and construction companies

• Retail companies

• Healthcare companies

• Technology companies

What does the market's bullish reaction suggest about investor expectations?

• Investors expect the deal to fail

• Investors are uncertain about the deal

• Investors believe the deal will benefit certain sectors

• Investors expect a negative impact on the economy

What is the political strategy to pass the infrastructure deal in the Senate?

• Using executive orders

• Passing a single comprehensive bill

• Relying solely on Republican support

• Moving two bills simultaneously

What additional initiatives are included in the larger package alongside the bipartisan infrastructure bill?

• Military spending

• Child care and child tax credit

• Environmental regulations

• Healthcare reforms