Stock futures rise as Trump sworn in as president with regular trading closed

Elected to a second term as US President, investors bet that his immediate actions would stimulate the economy, particularly in banking and energy sectors.

Traders were also likely encouraged by the news that President Trump wouldn't implement new tariffs on day one.

The Dow Jones Industrial Average futures jumped by 167 points, or 0.4%. The S&P 500 futures increased by 0.4%. The Nasdaq-100 futures also rose 0.4%.

Regular trading on the New York Stock Exchange and Nasdaq was not available on the Martin Luther King Day holiday, although there was limited futures trading.

During 's special inauguration coverage, the CEOs were somewhere between relieved and ecstatic, we are a strong believer in the power of market enthusiasm.

The memo suggests imposing tariffs at this time. It will request investigations into China, Canada, and Mexico for unfair trade practices and currency policies.

President Trump stated in his inaugural address that he plans to fundamentally change the trade system, so "rather than taxing our citizens to boost other countries' economies, we will impose tariffs and taxes on foreign countries to benefit American citizens."

Its goal is to reduce high costs. This will give the president more legal options for allowing drilling in Alaska and other areas.

Additional executive actions planned for Monday are expected to focus on easing business regulations and further limiting immigration restrictions.

Druckenmiller, widely regarded as one of the most skilled hedge fund managers in the industry, expressed some concerns about the overall market due to the ongoing increase in interest rates.

The price reached a new record above $109,000 on Monday, but then it started declining as trading occurred.