US President-elect Donald Trump and his wife Melania Trump are seen meeting US President Joe Biden and First Lady Jill Biden on the inauguration day of Donald Trump’s second presidential term in Washington, US on January 20, 2025.
Carlos Barria reuters
US stock market futures rise as Donald Trump sworn in Investors believe the immediate actions taken by him as the US President for the second time will boost the economy, especially in sectors like banking and energy sectors.
Traders are also likely to be encouraged by the news that Trump will not immediately institute new tariffs on day one.
Dow Jones Industrial Average Futures Gained 167 points or 0.4%. S&P 500 futures 0.4% added. Nasdaq-100 futures rose 0.4%.
Regular trading on the New York Stock Exchange and Nasdaq was closed for the Martin Luther King Day holiday, but futures trading was limited.
Dow futures, 1 day
“I’ve been doing this for 49 years and we’re probably going from the most anti-business administration to the opposite,” said Stanley Druckenmiller, chairman and CEO of Duquesne Family Office. an interview During CNBC’s special inauguration coverage. “The CEO is between relief and giddiness… We believe in animal spirits.”
A number of executive actions will be unveiled on Monday for investors to evaluate their impact on the economy. A trade memorandum is expected from the new administration Will not done Still impose tariffs. The memorandum will call for an investigation of China, Canada and Mexico for unfair trade practices and currency policies.
Trump said during his inaugural address that he would overhaul the trade system, so “instead of taxing our own citizens to enrich other countries, we impose tariffs and taxes on foreign countries to enrich our own citizens.” Will put it.”
Elsewhere, Trump was ready to make an announcement national energy emergencyWith the goal of reducing high costs. It would expand the President’s legal options to allow drilling in Alaska and other areas.
Other executive actions coming Monday are likely to address trade regulation and immigration restrictions.
Druckenmiller, considered one of the best hedge fund managers of all time, has expressed some caution on the overall market due to rising interest rates.
Bitcoin jump At a new record above $109,000 on Monday before collapsing and trading lower.