Pre-Market Primer: Stocks at Multi-Year Highs After Obama Address; Comcast Completes NBC Buy
Stocks are set to extend a five-year high today after President Barack Obama championed fiscal stimulus. Obama called for expanded trade with Europe and infrastructure spending in his State of the Union address. He also called for raising the minimum wage to $9 per hour and urged Congress to end the "manufactured" sequester crisis coming up on March 1. The call for $50 billion in infrastructure spending could lift industrials and construction shares today. He also talked about other issues such as climate change immigration and gun control. Retail sales rose 0.1% in December meeting economists' estimates after rising ...
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