Dallas — The predicted boom in construction stocks under President Donald Trump is turning into a bust. Trump promised to deliver a $1-trillion infrastructure plan early in his first year but is now talking about trying to get one through Congress by year-end, with concern it may be pushed into 2018. Waning optimism is taking a toll on builders such as Fluor and Chicago Bridge & Iron, which already have been hit by cost overruns on major projects. "Clearly we had a pop in all these names with the election," said Brent Thielman, a construction industry analyst with DA Davidson & Co. "As investors are digesting that this is going to take more time — if it happens at all — we’re sort of back to the reality of the market." Trump abandoned a plan for an infrastructure advisory group this month in the wake of his controversial comments on the violence in Charlottesville, Virginia. While top economic adviser Gary Cohn said the administration still hoped to get an infrastructure plan approv...
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