In terms of the message, Obama called for a $9 minimum wage. But overall, his policy stance was largely reiterated.
European markets and U.S. futures are up a tad this morning. But it doesn’t seem like the market will move a whole base on the speech alone.
“Most SOTU speeches see less than a 1% move in the stock market on the following day, and the average move is only 0.15%,” wrote LPL Financial’s Jeff Kleintop in his weekly market commentary yesterday.
Here’s a look at the post-SOTU stock market moves since 1934:
Photo: LPL Financial