U.S. President-elect Donald Trump and Melania Trump watch a meeting with President Joe Biden and First Lady Jill Biden on the day of Donald Trump’s second presidential inauguration in Washington, U.S., January 20, 2025. Mrs.
Carlos Barria | Reuters
As Donald Trump becomes U.S. president for the second time, U.S. stock market futures rise as investors bet that his series of immediate actions will boost the economy, particularly in areas such as banks and the energy sector. did.
Traders also appeared encouraged by news that President Trump would not immediately impose new tariffs on the first day.
Dow Jones Industrial Average Futures Increased by 167 points (0.4%). S&P500 futures Added 0.4%. Nasdaq 100 futures It rose 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 I’m probably the most anti-corporate person in the world,” Stanley Druckenmiller, chairman and CEO of Duquesne Family Offices, said in an interview during CNBC’s inaugural coverage. “We are transitioning from one government to the other,” he said. “The CEO feels somewhere between relieved and giddy…We believe in animal spirits.”
A series of administrative measures will be announced on Monday for investors to assess the economic impact. No tariffs are expected to be imposed yet in the trade memorandum from the new administration. The memo calls for investigations into China, Canada, and Mexico into unfair trade practices and exchange rate policies.
In his inaugural address, President Trump vowed to overhaul the trade system in order to “impose tariffs and taxes on foreign countries to make their people rich, instead of taxing their people to make other countries rich.” said.
Elsewhere, Trump planned to declare a national energy emergency with the goal of cutting high costs. This would expand the president’s legal options to allow drilling in Alaska and other areas.
Other executive actions scheduled for Monday are likely to address business deregulation and immigration restrictions.
Druckenmiller is considered one of the greatest hedge fund managers of all time, but he expressed some caution about the broader market due to rising interest rates.
Bitcoin soared to a new record above $109,000 on Monday, but then reversed and fell.
