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The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Global X US Infrastructure Development ETF (BATS:PAVE) both initially traded higher last week after President Joe Biden said “we have a deal” on a bipartisan infrastructure bill worth nearly $1 trillion. Investors initially assumed more government investment in infrastructure spending would be good news for stocks, but Sevens Report Research’s Tom Essaye said Monday the infrastructure bill would be either good news or bad news for stocks depending on if and under what circumstances it gets passed.
...read full article on Benzinga
