Wall Street edges up ahead of Obama speech as housing gains
NEW YORK (Reuters) – Stocks edged higher on Tuesday, with the S&P 500 holding near multi-year highs ahead of President Barack Obama’s State of the Union address, as housing stocks advanced. The economy will be a major topic of Obama’s speech before a joint session of Congress set for 9 p. m. (0200 GMT Wednesday). Investors will listen for any clues on a deal with Republicans to avert automatic spending cuts due to take effect March 1, including the tone of the speech. The S&P 500 has risen in the past six weeks and is up 6. 7 percent so far this year. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply