Infrastructure Bill and Stock Market Highlights

ROBARE & JONES ON THE MARKETS

The S&P 500 rose 0.7% this week to yet another fresh record closing high at 4,468.37, up from last Friday's closing level. The market is now up almost 20% year to date.

Materials, consumer staples and financial sectors led the way this past week with each sector being up over 2%. Only the energy sector was in the red for the week which was down 0.8%.

With a portion of the infrastructure bill being passed this past week, here's some of the highlights:

$110 billion for roads and bridges.
$66 billion for railroads.
$65 billion for the power grid.
$65 billion for broadband.
$55 billion for water infrastructure.
$47 billion for cybersecurity and climate change.
$39 billion for public transit.
$25 billion for airports.
$21 billion for the environment.
$17 billion for ports.
$11 billion for safety.
$8 billion for Western water infrastructure.
$7.5 billion for electric vehicle charging stations.
$7.5 billion for electric school buses.

Let's take a look at the markets from this past week!

FREE Medicare Webinar!

THIS WEEK on August 18th from 11am to 12pm CST we will be hosting a FREE Medicare Webinar “Planning for Health Care Costs in Retirement” with Brad Angel, Sr. Vice President at Fidelity Investments.

With health care spending projected to grow 5.4% annually, health care costs remain one of the largest threats to retirement savings. The webinar will help you gain a better understanding of these costs, the coverage options available (including a heavy focus on Medicare) and the steps you can take to develop a plan.

If you would like to submit questions ahead of time, please feel free to respond to this email and we will gladly pass those along.

Have you started planning for Medicare?