U.S. equity markets surged Tuesday pushing the Nasdaq Composite to a record and returning the Dow Jones Industrial Average to positive territory for the year.

The Dow added over 408 points or over 1.4 percent, while the Nasdaq Composite rose 2.1 percent and the S&P 500 1.5 percent.

The gains came as the result of the Democratic caucus in Iowa remained in question due to a technology glitch. President Trump will give his State of the Union address on Tuesday evening.

Ahead of his speech, Trump touted the market gains in a tweet.