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

  • 📰 Forbes
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I luv u long time joe

Why are wasting your time on monthly salary when you can work from home and earn up to $11,000 without any stress just with your smartphone and PC Ask me How if interested Rolandwolf186

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines