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Donald Trump’s Speech Was Supposed to Move the Market. The Dow Didn’t Move at All.

The S&P 500 and Nasdaq Composite eked out small gains on Tuesday, while the Dow Jones Industrial Average closed exactly at the break-even line in a relatively quiet session. President Donald Trump said the U.S. is close to a phase-one trade deal with China. Federal Reserve Chairman Jerome Powell is scheduled to testify in Congress on Wednesday and Thursday—a potential source of news about the outlook for the economy and interest rates. Read More...

The S&P 500 and Nasdaq Composite eked out small gains on Tuesday, while the Dow Jones Industrial Average closed exactly at the break-even line in a relatively quiet session. President Donald Trump said the U.S. is close to a phase-one trade deal with China. Federal Reserve Chairman Jerome Powell is scheduled to testify in Congress on Wednesday and Thursday—a potential source of news about the outlook for the economy and interest rates.

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