Trump’s State of the Union Address Was Supposed to Move the Dow. Here’s Why It Didn’t.
The U.S. stock market got off to a tepid start on Wednesday after President Trump’s State of the Union address gave few indicators about the direction of trade talks or progress on a new budget. Investors have already looked past the event and are now shifting gears to a forthcoming speech by Federal Reserve Chairman Jerome Powell as the key mover for the Dow and its peers. US Stock Market Sputters Wall Street’s major indexes opened slightly lower on Wednesday, reflecting the rocky pre-market session for stock futures. The Dow Jones Industrial Average opened 40 points lower before paring losses
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Posted by Sam Bourgi on February 6, 2019 @ https://www.ccn.com/trumps-state-of-the-union-address-was-supposed-to-move-the-dow-heres-why-it-didnt