Dow futures rose 150 points on the day of Trump’s inauguration as regular trading closed

U.S. stock futures rose amid Donald Trump’s inauguration as investors bet that a series of immediate actions by the incoming president would boost the economy, particularly in areas such as the banking and energy sectors.

Traders were also likely encouraged by the report that Trump would not immediately impose new tariffs on day one.

Dow Jones Industrial Average futures got 162 points, or 0.4%. S&P 500 futures added 0.4 percent. Nasdaq-100 futures increased by 0.4 percent.

Regular trading on the New York Stock Exchange and Nasdaq was closed for the Martin Luther King holiday, but futures trading was limited.

Bitcoin jumped to a new record high above $109,000 on Monday.

“I’ve been doing this for 49 years, and we’re probably going from the most anti-business administration to the opposite,” Stanley Druckenmiller, president and CEO of the Duquesne Family Office, said in an interview during CNBC’s special inaugural coverage. “CEOs are somewhere between relieved and giddy…we believe in animal spirits.”

On Monday, a series of executive measures will be presented that investors will be able to assess in terms of their impact on the economy. The Wall Street Journal reported that Trump’s upcoming trade memorandum will not yet impose tariffs. The memo will call for investigations into China, Canada and Mexico for unfair trade practices and currency policies.

Elsewhere, the president-elect will declare a national energy emergency, according to an incoming White House officialwith the aim of lowering high costs. It will expand the president’s legislative options to allow drilling in Alaska and other areas.

Other executive actions to follow on Monday are likely to deal with business deregulation and immigration restrictions.

Druckenmiller, considered one of the best hedge fund managers ever, was cautious about the overall market due to rising interest rates.

Trump will be sworn in at noon ET on Monday.