U.S. stocks climb to two-month highs ahead of State of the Union address
U.S. stocks closed higher on Tuesday, with major indexes trading to their highest levels in two months ahead of President Donald Trump's State of the Union address. The Dow Jones Industrial Average finished the session up 0.7%, the Nasdaq Composite Index rose 0.7% and the S&P 500 added 0.5%, its fifth-consecutive winning session. In the latest round of corporate earnings, shares of Alphabet, the parent company of Google, erased early losses to close up more than 1%. The company reported a jump in spending, which led to an initial selloff. In economic news, the Institute for Supply Management's nonmanufacturing index fell to 56.7% from 58% in December, below economists' expectations polled by MarketWatch. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.