Wall Street Higher; Trump Speech Has Little Impact By Investing.com

© Reuters.

Investing.com – Stocks pushed higher Tuesday afternoon as President Donald Trump spoke to the New York Economic Club, but were off their highs in the afternoon.

  • Trump’s speech was a rousing defense of his presidency, along with a full-throated round of bashing the Federal Reserve. But all he would say about the U.S.-China trade talks was that a deal could be close.
  • The was up 0.33% at 1:20 PM ET (18:20 GMT). The added 0.13% and the added 0.46%. The , dominated by Big Tech, was up 0.49%.
  • The S&P 500, Nasdaq and hit new intraday highs before pulling back slightly.
  • Walt Disney (NYSE:), Merck (NYSE:), Microsoft (NASDAQ:), and Cisco Systems (NASDAQ:) were among the leaders. Facebook (NASDAQ:), Starbucks (NASDAQ:) and Advanced Micro Devices (NASDAQ:) were among the leaders.
  • Healthcare, communication services and technology were the strongest sectors, with real estate and energy the weakest. was higher. Interest rates were off slightly.
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