Tech Rally Lifts SPY and QQQ Ahead of Trump's State of the Union

Tech stocks led a rebound for the S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ) on Tuesday, with AMD, INTC, CRM and QCOM up 3%+ and Amazon and Tesla also higher; Trump announced a global tariff of 10% that could rise to 15% later, keeping tariffs in focus; The Conference Board’s February consumer confidence rose to 91.2, while Fed official Austan Goolsbee urged keeping rates unchanged until inflation is at 2%; the State of the Union is tonight at 9 p.m. ET; the S&P 500 gained 0.77% and the Nasdaq 100 gained 1.09%.