Thursday, February 13, 2025
HomeTrading RoomAs Trump Begins His Second Administration, Stock Futures Soar

As Trump Begins His Second Administration, Stock Futures Soar

Tuesday saw a spike in stock futures as Donald Trump’s second term as president got underway with a barrage of executive orders and remarks about tariffs on goods originating from important trading partners.

S&P 500-related futures increased by 0.5%, while Dow Jones Industrial Average futures increased by 181 points, or 0.4%. Futures for the Nasdaq-100 rose 0.5%.

Due to Monday’s Martin Luther King holiday, regular trade was suspended. While he was signing executive orders at the White House, Trump made remarks about tariffs.

He claimed that because of their border practices, he was considering imposing 25% tariffs on Canada and Mexico on February 1.

During his press conference, Trump also made a passing reference to China, although he made no mention of any tariff intentions. Perhaps the United States might place penalties on China in the event that a TikTok deal is rejected by the nation.

Source (CNBC)

SourceCNBC
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