(Editor’s note: The future prices of benchmark tracking ETFs, the lede, and the headline were updated in the story.)
U.S. stock futures rose on Wednesday after closing higher on Tuesday. Futures of all the major benchmark indices were positive.
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 0.38% at $689.93, while the QQQ advanced 0.47% to $610.70.
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.
Full story available on Benzinga.com
