Stock Market Today: Infrastructure Progress Sends Dow, S&P 500 to New Highs

The Senate's passage of a roughly $1 trillion infrastructure bill provided a tailwind to materials, industrials and energy stocks Tuesday.

Three people working on construction site
(Image credit: Getty Images)

The Senate on Tuesday green-lit a roughly $1 trillion infrastructure bill that was greeted with cheers by much of the market – though, not all of it.

The Bipartisan Infrastructure Investment and Jobs Act lived up to its name by passing the Senate 69-30. The bill, if passed, would authorize about $550 billion in new federal spending on traditional infrastructure such as roads, tunnels and bridges, as well as on projects such as expanding access to broadband internet and building electric-vehicle charging stations.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for, and the Managing Editor for before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.