On Tuesday, US stocks rose after Donald Trump took office as the country’s 47th President.
On his first day, Trump signed several executive orders focused on boosting energy production, which boosted investor sentiment.
Investors were relieved that no new tariffs were introduced, which had been a concern.
Analysts are closely watching Trump’s plans for business benefits, including tax cuts and deregulation, which could have a positive impact on the stock market.
The unpredictable nature of the leadership in government governance remains a concern among investors, prompting them to keep an eye on Trump’s future policies.
Earnings reports from several major companies, such as Netflix, Charles Schwab, Procter & Gamble, Johnson & Johnson, Abbott Laboratories, General Electric, Union Pacific, American Express and Verizon, are expected to be announced this week.
The stock market was seen as positive on Trump's first day back in the White House, with investors expecting the trend to continue given Trump's policies which are seen as tending to favor business.
