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US stocks end mixed ahead of Obama speech

AFP

US stocks closed mixed Tuesday as markets awaited President Barack Obama's State of the Union address, expecting him to outline the economic priorities for his second term.

At the closing bell, the Dow Jones Industrial Average was up 47.84 points (0.34 percent) at 14,019.08.

The S&P 500-stock index rose 2.42 points (0.16 percent) to 1,519.43.

The tech-rich Nasdaq Composite slipped 5.51 (0.17 percent) to 3,186.49.

Investors will be watching Obama's nationally televised speech at 9:00 pm (0200 GMT 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.