On Tuesday night, President Donald Trump gave his first address to a joint session of Congress, and during the speech, the president called on Congress to approve a $1 trillion infrastructure bill to create “a new program of national rebuilding.”

While the president offered few specifics about his plan, it was a move toward delivering on a campaign promise to fix the United States’ roads and highways. He said the bill will create “millions of new jobs.”

“America has spent approximately $6 trillion in the Middle East, all this while our infrastructure at home is crumbling. With this $6 trillion we could have rebuilt our country--twice. And maybe even three times if we had people who had the ability to negotiate.”

“Crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports and railways gleaming across our beautiful land,” President Trump said.

As a result, infrastructure stocks are popping on Wednesday. As of 10:46 AM CT:

• Caterpillar (CAT Quick QuoteCAT - Free Report) +1.04%
• U.S. Steel (X Quick QuoteX - Free Report) +1.3%
• Alcoa (AA Quick QuoteAA - Free Report) +9.16%.
• AK Steel +4.38%
• Allegheny Technologies (ATI Quick QuoteATI - Free Report) +4.79%
• Cliffs Natural Resources (CLF Quick QuoteCLF - Free Report) +1.60%
• Vulcan Materials VMC +3.27%
• Deere & Co. (DE Quick QuoteDE - Free Report) +1.35%
• Quanta Services (PWR Quick QuotePWR - Free Report) +2.6%
• Manitowoc Co. (MTW Quick QuoteMTW - Free Report) +2.47%
• Nucor (NUE Quick QuoteNUE - Free Report) +2.48%
• U.S. Concrete USCR +7.22%

Infrastructure stocks also saw a boost back when Trump won the election in November, with many industry giants seeing nice gains the day after. Other sectors up today include financials, energy, and materials, with JPMorgan (JPM Quick QuoteJPM - Free Report) and Exxon Mobil (XOM Quick QuoteXOM - Free Report) contributing the most gains to the Dow Jones, up 3.26% and 2.25%, respectively, in late morning trading.

To watch the president’s full address to Congress, click here.

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