Last updated February 25th, 2009 6:50 AM ET---U.S. stock futures are trading lower after President Barack Obama's first speech to a joint session of Congress Tuesday evening. During his speech, President Obama said that "we are not a nation of quitters," and laid out the plan that will "rebuild and recover" the United States. The President also said that they had identified $2 trillion in savings that will be retained over the next decade. In other Washington news, Fed Chair Bernanke will be back in front of Congress at 10:00 a.m. for his second day of testimony. The only economic report due out today is the January reading on existing home sales, anticipated to show a 4.80 million level. Earnings are due out from Ambac (NYSE:ABK), Dollar Tree (NASDAQ:DLTR), Saks (NYSE:SKS), J.M. Smucker (NYSE:SJM), TJX Companies (NYSE:TJX), Fluor (NYSE:FLR) and Limited Brands (NYSE.LTD). At the time of this report, S&P futures are down 4.90, Nasdaq futures are down 2.25 and Dow futures are down 42.00.

Contact Chip Brian

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at www.TradeTheTrend.com/signup.html