Indexes Shoot toward Record Highs Before Trump Speech - InvestingChannel

Indexes Shoot toward Record Highs Before Trump Speech



Stocks rose on Tuesday as investors awaited a speech from President Donald Trump on trade and economic policy.

The Dow Jones Industrial Average acquired 37.91 points to yet another record of 27,729.40.

The S&P 500 gained 9.26 points, to 3,096.27 to reach a fresh intraday record

The NASDAQ spiked 36.02 points to 8,500.30, also to reach another fresh intraday record.

Semiconductor stocks such as Marvell Technology sprouted up 3.6%, and Micron Technology advanced 2.3%.

Rockwell Automation shares surged more than 19% after the company posted quarterly results that beat expectations along with stronger-than-forecast guidance. However, Advance Auto Parts slid around 8% on disappointing same-store sales for the previous quarter.

Trump is scheduled to speak at noon ET at the Economic Club of New York where he could give clues to the status of trade talks between the U.S. and China. His speech comes amid questions regarding plans to sign a trade deal in the coming weeks.

Bond trading resumed Tuesday, after a long weekend, and prices for the 10-Year U.S. Treasury were unchanged at Friday’s 1.93%.

Oil prices gained 18 cents to $57.04 U.S. a barrel.

Gold prices fell $2.80 to $1,454.30 U.S. an ounce.