On January 20, 2025, Donald Trump and his wife, Melania, met Joe Biden and Jill Biden on inauguration day.
Carlos Barria | Reuters
U.S. stock futures went up after Trump became president again. People think his plans may help the economy. They expect good changes for banks and energy companies.
Traders were happy to hear that Trump will not add new tariffs right away.
The Dow Jones futures went up by 122 points, or 0.3%. The S&P 500 futures also rose by 0.3%. The Nasdaq-100 futures increased by 0.4%.
Regular stock trading was closed for the Martin Luther King Day holiday, but some futures trading still happened.
Bitcoin reached a new high above $109,000 on Monday.
Stanley Druckenmiller, a well-known investor, said many CEOs feel happy about the new plans. They think it will help business.
There will be many new rules for business soon. Trump will talk about energy and jobs, too.
Trump will be sworn in at noon ET on Monday.
Vocabulary List:
- Inauguration /ɪˌnɔːɡjʊˈreɪʃən/ (noun): The formal ceremony to mark the beginning of a leader’s term.
- Futures /ˈfjuːtʃərz/ (noun): Contracts to buy or sell assets at a future date at a predetermined price.
- Tariffs /ˈtɛrɪfs/ (noun): Taxes imposed on imported goods.
- Economy /ɪˈkɒnəmi/ (noun): The system of production distribution and consumption of goods and services in a society.
- Investors /ɪnˈvɛstərz/ (noun): Individuals or entities that allocate capital with the expectation of a financial return.
- Plans /plænz/ (noun): Detailed proposals for achieving something.
How much do you know?
