Stock impact of State of Union seen muted.

Stocks aren't expected to react much to President Obama's State of the Union speech, as many of his proposals aren't seen getting through the House, while he did little to indicate that a deal is near to avert looming automatic spending cuts. Obama's initiatives include investing $50B on infrastructure and raising the minimum wage 24% to $9 an hour. He also wants to launch free-trade talks with the EU and he announced an executive order to protect infrastructure from cyber-attacks.