Donald Trump was sworn in as the 47th President of the United States, marking the start of his second non-consecutive term. The swearing-in ceremony took place in Washington, D.C., as he became the second U.S. president to achieve this rare feat. On his first day in office, Trump addressed a range of issues, including a U.S. law that briefly caused TikTok to go dark across the country. The law mandated that TikTok be sold to a U.S. owner, but Trump intervened and signed an executive order to delay enforcement for 75 days, allowing more time for a potential resolution.
Monday saw the stock markets closed in observance of Martin Luther King Jr. Day, but they reopened on Tuesday to positive momentum. As investors reacted to the initial moves of Trump's new term, stock futures rose significantly. The S&P 500 climbed by 2.9%, the Dow Jones increased by 3.7%, and the Nasdaq Composite saw a 2.5% boost. This surge occurred as Trump issued a series of executive orders tackling energy, immigration, and regulation, setting the stage for his administration's economic policies.
In a bold move, Trump suggested he could impose up to 25% tariffs on imports from Canada and Mexico as early as February 1st. These potential tariffs could have far-reaching implications for the U.S. economy, affecting trade relationships and supply chains, particularly if extended to include China. Trump's stance on international trade has historically been a significant factor influencing market trends and business strategies.
This week, several major companies are set to report their earnings, which could further impact market dynamics. Key businesses to watch include Netflix, United Airlines, Procter & Gamble, Alaska Air, and American Airlines. Their performance reports will provide insight into various sectors, from entertainment to consumer goods and air travel.
In addition to economic measures, Trump signed multiple executive orders with far-reaching effects. Among them was a declaration of a national energy emergency and a controversial decision to withdraw the United States from the Paris climate accords. These actions underscore Trump's commitment to reshaping U.S. energy policy and his broader regulatory approach.