Share prices of Caterpillar, Vulcan Materials and other infrastructure-related stocks rebounded Monday as President Trump promised “big” spending ahead of today’s speech.
Vulcan Materials was up 2.4% and Martin Marietta Materials 2.5%.
Trump will give a prime time Tuesday speech to a joint session of Congress, where he is expected to lay out his ideas and priorities on taxes, health care, infrastructure and more.
Trump said Monday that there’s “no choice” but to step up investment in roads, bridges and other infrastructure. Infrastructure stocks sold off last week on a report that the Trump administration could delay an infrastructure bill until 2018. Doing that would likely delay significant federal spending until 2019 at the earliest.