U.S. Stock ETFs Wait on Trump's 'Big' Infrastructure Announcement

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.