US stock futures fall after Wall St gains as Trump’s inauguration approaches By Investing.com
Investing.com– U.S. stock index futures fell in Asian trading on Monday after last week’s strong performance on Wall Street, as investors turned cautious ahead of President-elect Donald Trump’s inauguration.
Markets will be closed Monday for the Martin Luther King Jr. holiday. President-elect Trump will also take office on Monday.
was down 0.2% at 6,022.25 points, while it was down 0.2% at 21,553.25 points by 21:12 ET (02:12 GMT). decreased by 0.1% to 46,660.0 points.
Trump to take office, plans several executive actions on day one
As Trump prepares to take office, financial markets are bracing for potential volatility, closely monitoring his expected executive actions and policy directions.
Investors are paying particular attention to his proposed measures on trade, taxation and deregulation, which are expected to have a significant impact on market dynamics.
On his first day, Trump plans to sign more than 200 executive orders dealing with key issues such as border security and energy policy, according to media reports.
These actions include declaring a state of emergency on the state border and taking steps to secure the southern border. In addition, he intends to fully unleash Alaska’s energy resources, signaling a shift in energy policy.
Equity markets have shown cautious optimism, but expect significant volatility with Trump’s moves. Analysts believe that initially investors will adopt a wait-and-see approach as they assess the potential effects of the new administration’s policies.
Wall Street ends the week with strong gains, corporate earnings in focus
On Friday, it rose 1% to 5,996.66 points, gained 0.8% to 43,487.83, while jumping 1.5% to 19,630.20 points.
December inflation data released last week boosted investor confidence, especially as Trump’s policies are expected to increase price pressures. The data also eased some fears about a slower rate cut by the Federal Reserve.
Last week’s positive earnings results from major banks also supported the optimistic mood.
Investors are now eagerly awaiting earnings reports from several major companies, which are expected to provide insight into various sectors of the economy.
This week’s key earnings reports include Netflix Inc (NASDAQ: ), United Airlines Holdings Inc (NASDAQ: ) on Tuesday; Johnson & Johnson (NYSE: ) and Procter & Gamble Company (NYSE: ) on Wednesday; and Verizon Communications Inc (NYSE: ) and American Express Company (NYSE: ) on Friday.
