1. Day one
Stock futures rose Tuesday on the primary trading day of Donald Trump's second term as president. Markets were closed Monday for Martin Luther King Jr. Day. US stocks have had a robust week. The S&P 500 climbed 2.9% Dow rose by 3.7% and the Nasdaq Composite ticked 2.5% higher. Investors might be keeping track of Trump's trade policies and other key items on his agenda this week, in addition to some key earnings reports. Follow live market updates.
2. Trump takes office
Trump was sworn in on Monday because the forty seventhTh US President and only the second to serve two non-consecutive terms. Speaking on the US Capitol after freezing temperatures forced the ceremony to happen indoors, Trump said he would usher in a “golden age” for the US. He signed a series of executive orders, declaring a national energy emergency, ordering the US to withdraw from the Paris Climate Agreement and pardoning roughly 1,500 people charged in reference to the attack on the Capitol on January 6, 2021. Market watchers were keeping a detailed eye on Trump's trade comments.
3. Tariffs ahead?
Trump suggested he could impose 25% tariffs on goods from Canada and Mexico as early as February 1. He didn’t say when he would impose the threatened blanket tariffs on all trading partners or the upper tariffs on China that he proposed as a candidate. He said he would think about using tariffs as leverage to draw a U.S. investor in TikTok, the social media app owned by Chinese company ByteDance. Tariffs on Canada, Mexico and China — the U.S.'s three largest trading partners — would have a large impact on the U.S. economy and will drive up prices for a spread of consumer goods and agricultural products.
4. Still ticking
Due to a US law that banned the app unless it was sold to a US owner, TikTok was briefly unavailable over the weekend – only to return back online. The change got here as Trump, who once pushed for a ban on the app on national security grounds, pushed to maintain it energetic within the US. On Monday, he signed an executive order that effectively halted enforcement of the law for 75 days.
5. A flight from earnings
A handful of massive firms will report earnings this week, most notably airlines and Netflix. Here are the highest reports to observe:
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