Here’s What Biden’s $2 Trillion Climate-Focused Infrastructure Plan Means For Stocks And The Economy

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Here’s what Biden’s $2 trillion climate-focused infrastructure plan means for stocks and the economy:

Though investors are still laser-focused on President Joe Biden's lofty $1.9 trillion stimulus proposal, a separate recovery package is expected to plow another $2 trillion into the economy's infrastructure this year to bolster clean energy efforts and combat climate change; here are the industries set to gain and lose from the plan, according to Bank of America.

Expected carbon neutrality efforts could be particularly harmful for energy and utilities firms, though the economists note the"overall purge" that's hit such industries in recent years have likely already priced in the negative expectations; the S&P 500 Energy Index is down 19% over the past year alone.

 

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