US stocks flat ahead of Obama speech

Written By Unknown on Selasa, 12 Februari 2013 | 23.59

US stocks have opened flat on Tuesday as markets looked ahead to President Barack Obama's State of the Union address in the evening.

Five minutes into trade, the Dow Jones Industrial Average was up 7.99 points (0.06 per cent) to 13,979.23.

The S&P 500 index rose 0.28 point (0.02 per cent) to 1517.29, while the tech-rich Nasdaq Composite fell 0.61 (0.02 per cent) to 3191.40.

Investors will be watching Obama's nationally televised speech at 9:00 pm (1300 AEST Wednesday) to gauge "content and tone as a guide for assessing the likelihood of avoiding sequestration slated to go into effect March 1," said Patrick O'Hare of Briefing.com.


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