U.S. equities and stock exchange traded funds were slightly positive, trading near record levels, as investors optimistically wait on President Donald Trump’s Tuesday address to a joint session of Congress.
The S&P 500 Index, along with related funds including the SPDR S&P 500 ETF (NYSEArca: SPY), iShares Core S&P 500 ETF (NYSEArca: IVV) and Vanguard 500 Index (NYSEArca: VOO), were 0.1% higher Monday.
U.S. stocks were slightly up, with the S&P 500 and the Dow Jones Industrial Average hitting intraday record highs, on Trump’s comments of a “big” infrastructure statement on Tuesday, reports Yashaswini Swamynathan for Reuters.
The U.S. markets have been continuously pushing toward new record levels after Trump promised a “phenomenal” tax announcement a few weeks back that helped reignite the so-called Trump rally, which stalled in January as traders turned wary without clarity on policies.