Trump gave a strong boost to US stocks on the first days of his new presidency

US stock futures rose after Donald Trump was sworn in for the second time as President of the United States, while investors are betting that a series of immediate measures he will take will boost the economy, especially in areas such as the banking sector and the energy sector, according to what the American network CNBC reported.

Uptrend for US stocks

Traders are feeling energized by the news that Trump will not impose new tariffs immediately on day one.
Dow Jones Industrial Average futures rose 167 points, or 0.4%, while the S&P 500 rose 0.4%, while Nasdaq futures added 0.4%.
Read also: Trump signs his first official decisions after the inauguration.. What are they?
Regular trading on the New York Stock Exchange and Nasdaq was closed for the Martin Luther King Day holiday, but there was limited trading in futures contracts.

Big momentum with Trump taking over

“I’ve been following the markets for 49 years and we may be moving from a more anti-business administration to the opposite where CEOs are mixed with relief and elation,” Duquesne Chairman and CEO Stanley Druckenmiller said in an interview during CNBC’s special coverage of the inauguration. “.
A series of executive measures are scheduled to be unveiled on Monday for investors to assess their impact on the economy. It is expected that a trade memorandum from the new administration will not impose any tariffs immediately. The memorandum is likely to request investigations into the nature of contentious issues with China, Canada and Mexico related to unfair trade practices and currency policies.
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Trading system reform

Trump said during his inauguration speech that he would work to reform the trade system, “Instead of imposing taxes on our citizens to enrich other countries, we will impose tariffs and taxes on foreign countries to enrich our citizens.”

National emergency

Trump is set to declare a national energy emergency to reduce rising costs, which could 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 liberalization and immigration restrictions.
In a related context, Bitcoin jumped to a new record high above $109,000 on Monday before retreating and trading at a lower level.