On January 20, 2025, US President-elect Donald Trump and his wife Melania Trump met with US President Joe Biden during the inauguration ceremony of Donald Trump’s second presidential term in Washington, USA. ·Biden meets with first lady Jill Biden.
Carlos Barria | Reuters
Trump drives U.S. stock futures higher sworn in As President of the United States for the second time, investors are betting that a series of immediate actions he will take will boost the economy, especially in areas such as banks and the energy industry.
Traders may also be encouraged by news that Trump will not immediately impose new tariffs on day one.
Dow Jones Industrial Average Futures Up 167 points, or 0.4%. S&P 500 Index Futures Add 0.4%. Nasdaq 100 Futures up 0.4%.
Regular trading on the New York Stock Exchange and Nasdaq was closed for the Martin Luther King Jr. Day holiday, but futures trading was limited.
Dow Jones Futures, 1 day
Stanley Druckenmiller, Chairman and CEO of Duquesne Family Office Interview during CNBC’s special coverage of the inauguration. “CEOs are feeling somewhere between relief and giddy… We are believers in animal spirits.”
A series of administrative measures will be announced on Monday for investors to assess the impact on the economy. The new administration is expected to issue a trade memorandum Won’t No tariffs have been imposed yet. The memorandum would require investigations into unfair trade practices and monetary policies in China, Canada and Mexico.
In his inaugural address, Trump said he would overhaul the trade system. “We will not tax our citizens to make other countries rich. Instead, we will impose tariffs and taxes on foreign countries to make our citizens rich.”
Elsewhere, Trump prepares to announce national energy emergencywith the goal of reducing high costs. It would expand the president’s legal options for allowing drilling in Alaska and other areas.
Other executive actions taken Monday could address business deregulation and immigration restrictions.
Druckenmiller, considered one of the best hedge fund managers of all time, is indeed cautious about the overall market due to rising interest rates.
Bitcoin jumped It rose to a new record above $109,000 on Monday before rolling back and heading lower.
