Stocks Up Ahead of State of The Union AddressPosted 02/05/2019 11:02AM CT |
Stocks are up again Tuesday, this time following an impromptu meeting between President Trump and Fed Chari Jerome Powell to further solidify the Fed’s pause in short-term interest rates. Both the Dow Jones and S&P 500 are up Tuesday morning ahead of President Trump’s Tuesday evening State of the Union Address. Despite what recent feelings may suggest, the S&P 500 is in the midst of its best January since the late 80’s and showed a 4th quarter growth rate of 12.4%.
As of Tuesday morning, the Dow Jones was up 119 points, the S&P was up .31%, and the Nasdaq rose about .61%. This action likely stems from the Fed’s continued “dovish” stance coupled with a positive attitude towards the ongoing trade talks with China. We will see if this bullish trend continues as the proposed March 1st deadline to come to a deal with China is quickly approaching. Keep a close eye on the markets for further action.