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U.S. President-elect Donald Trump and his wife Melania Trump look on as they meet with U.S. President Joe Biden and first lady Jill Biden during the inauguration day of Donald Trump’s second term as president, in Washington, Jan. 20, 2025.
Carlos Barria | Reuters
US stock market futures rose on Donald Trump he swore for the second time as president of the US, as an investor, he bet on some of his immediate actions to boost the economy, especially in the banking and energy sectors.
Traders were also encouraged by news that Trump would not immediately impose new tariffs on the first day.
Dow Jones Industrial Average futures It has gained 167 points, which is 0.4%. S&P 500 futures It added 0.4%. Nasdaq-100 futures It increased by 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 to go from an anti-business administration to an anti-business one,” said Duquesne Family Office President and CEO Stanley Druckenmiller. a conversation On CNBC’s special inauguration coverage. “chief executives are between relief and giddiness…we believe in animal spirits.”
There will be a number of executive actions introduced on Monday for investors to assess their impact on the economy. A trade memo from the expected new administration it won’t be rates set yet. The memo will call for investigations into China, Canada and Mexico for unfair trade practices and currency policies.
Trump said in his inaugural address that he would overhaul the trade system, so “instead of taxing our own citizens to enrich other countries, we will impose tariffs on foreign countries to enrich our own citizens.”
Elsewhere, Trump had to declare a national energy emergencywith the aim of reducing high costs. It will expand the president’s legal options to authorize drilling in Alaska and other areas.
Other executive actions coming Monday are likely to deal with business deregulation and immigration restrictions.
Druckenmiller, considered one of the best hedge fund managers ever, was cautious about the overall market as interest rates rose.
Bitcoin he jumped It rose to a new record high above $109,000 on Monday and then dipped lower.
