US President Donald Trump has issued several executive orders on his first day in office, including those on inflation, energy, and immigration. However, he delayed the implementation of tariffs on Mexico and Canada until February 1.
Investors are reacting positively to the news, with US stock futures pointing higher ahead of corporate earnings reports this week. Netflix’s stock is also gaining ground as it prepares to report quarterly results after markets close today. Bitcoin prices have pulled back from their all-time high following Trump’s inaugural address.
However, not all news is positive. Apple shares are lower due to a rating downgrade by Jefferies on concerns over flagging iPhone sales and AI feature demand. The company has set its price target for $200.75, below Friday’s close of about $230.1.
Source: https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-january-21-2025-8777553