Infrastructure-related stocks rose Monday after President Donald Trump announced he will release a budget soon that increases defense spending by $54 billion.
Shares of Martin Marietta Materials gained 2.5 percent during the session, while shares of Vulcan Materials and steel manufacturer Nucor rose about 2.4 percent and 2.9 percent, respectively.
Caterpillar and Boeing also advanced to trade among the top five contributors to gains in the Dow Jones industrial average. The index climbed 15 points following Trump’s budget briefing at the White House.
