Wall Street Flat Ahead Of Obama's State Of The Union Speech

Category: Markets / Finance / Feb 12, 2013 10:46AM EDT
U.S. stocks were little changed at the open on Tuesday (February 12), hovering near multi-year highs as traders awaited President Barack Obama's State of the Union address. The Dow Jones industrial average gained 4.53 points, or 0.03 percent, to 13,975.77. The Standard & Poor's 500 Index added 0.28 point, or 0.02 percent, to 1,517.29. The Nasdaq Composite Index shed 2.20 points, or 0.07 percent, to 3,189.80. The economy will be one of the main themes of Obama's speech at 9 p.m. (0200 GMT Wednesday). Investors will listen for any clues on a deal with Republicans in Congress to avert automatic spending cuts due to take effect March 1. (Video Source: Reuters)