President Donald Trump declared the “Golden Age of America” had arrived, claiming his administration achieved a “turnaround for the ages” by securing $18 trillion in global investment and driving core inflation down to 1.7%, at the 2026 State of the Union Address.
He touted 53 all-time stock market highs while vowing to replace income tax with foreign tariffs and launching “Trump Accounts” to provide every American child with a tax-free investment stake in the equity markets.
Meanwhile, Scott Bessent sidestepped $134 billion tariff refund questions, slamming corporate lawsuits as “ultimate welfare” following Trump's speech.
The 10-year Treasury bond yielded 4.05%, and the two-year bond was at 3.47%. The CME Group's FedWatch tool‘s projections show markets pricing a 98% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
0.14%
S&P 500
0.16%
Nasdaq 100
0.20%
Russell 2000
0.42%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.16% at $688.42, while the QQQ advanced 0.20% to $609.04.
Stocks In Focus
Workday
Workday Inc. (NASDAQ:WDAY) plunged 9.51% in premarket on Wednesday despite posting upbeat fourth-quarter earnings, because it issued forward guidance below estimates.
WDAY maintains a weak price trend over the long, short, and medium terms, with a solid growth ranking, as per Benzinga's Edge Stock Rankings.
HP
HP Inc. (NYSE:HPQ) dropped 5.16% as it issued second-quarter GAAP ...
