Stocks opened lower on Wednesday in the wake of U.S. President Donald Trump’s State of the Union Address. The POTUS called for Congress to “join forces” going forward in order to avoid yet another government shutdown on February 15th. Additionally, Trump harped on trade, immigration, pharmaceutical prices, employment, and the strength of the U.S. economy. So far, a little over two-thirds of the S&P 500’s market capitalization has reported Q4 results, with 62% beating bottom-line expectations. The S&P500 is currently trading at 2,728.08, 0.35% lower.
Treasuries are little changed in the AM as investors digest the latest rhetoric from U.S. President Donald Trump. Market participants will be paying close attention to Fed Chair, Jerome Powell’s, first speech since January’s policy announcement at a town hall meeting today in Washington. Anxiety is still palpable on Wall Street as trade tensions and potential government shutdowns loom overhead. The U.S. 10 Yr Note is currently trading at 2.6803%, 0.0180 lower.