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In anticipation of President-elect Donald Trump becoming the 47th President of the United States, investors are confident that the US stock market will see a positive reaction – similar to what happened when he was inaugurated in 2017.
Trump enters office with high economic expectations as he has promised lower inflation, lower taxes, increased domestic business, affordable housing, tariffs on foreign goods, relaxed regulation and more.
This, coupled with his experience as a businessman, made investors “excited” about his return to the White House.
“Investors have been excited about the potential easing of regulations and the potential reduction in corporate and business income taxes,” said Sam Stovall, chief market strategist at CFRA Research. He told Reuters.
A majority of Americans have a positive outlook for the economy in 2025 because of Trump. in One poll from CBS News and YouGov52% of people said they have a “good” outlook for the economy. Meanwhile, 56% believe the economy is now “bad.”
Although the US stock market was closed on Monday in observance of Martin Luther King Jr. Day, financial futures looked positive.
Dow Jones futures, a financial prediction market to help investors speculate on the Dow Jones Industrial Average Market Index, rose on Monday. S&P, Nasdaq and Russell futures also rose.
When Trump was first inaugurated in 2017, the S&P 500 gained 0.34%. Over his first 100 days in office, it was up 5%, and in four years it was up nearly 19% — and that was until the pandemic when it eased.
But even though the US stock market saw a steady rise during Trump’s four years in office, it still saw declines when he led the US into a trade war with China.
European markets fell on Monday in anticipation of Trump’s return to power. The president-elect threatened to impose tariffs on the European Union unless it bought more American gas and oil.
In addition to the traditional stock market, cryptocurrencies performed well before Trump’s inauguration because the incoming president and incoming first lady launched their own cryptocurrency. Trump also promised to promote digital currencies during his presidency.
The price of Bitcoin reached an all-time high on Monday.