Nathan Hager

The S&P is above 6,900 now.

The Dow Jones Industrial Average is higher by a third of one percent at the open, and the Nasdaq Composite is leading the gains up six tenths of one percent.

We'll have more on the market in a moment, but we continue to follow the reaction to President Trump's

State of the Union address.

Over a record one hour and 47 minutes, the president touted his economic record and blamed Democrats for prices that are still elevated.

More from Bloomberg's Laura Davison.

That's Bloomberg's Laura Davison.

And that could point to a challenge ahead of the midterms, according to University of Virginia politics professor Jennifer Lawless.

You can hear my full conversation with UVA professor Jennifer Lawless on the Bloomberg Daybreak U.S.

edition podcast.

Following the speech, Vice President J.D.

Vance will keep selling the message.

He's headed to a factory in Wisconsin tomorrow.

President Trump heads to Texas on Friday ahead of that state's congressional primaries coming up next Tuesday.

President Trump also said he plans to stick with tariffs despite the Supreme Court's, quote, very disappointing ruling against his emergency duties.

He started with a 150 day, 10 percent global tariff.

U.S.

Trade Representative Jameson Greer says the president will follow that with a supplemental 15 percent declaration in the coming days.

U.S.

Trade Rep Jameson Greer also says he expects the U.K.