Investing.com-- U.S. stock index futures were higher on Monday evening after President Donald Trump took office and announced a series of executive orders, while a slew of major corporate earnings were on tap for the week.
Trump reoccupied the White House on Monday when the stock markets were closed for the Martin Luther King, Jr. Day holiday.
S&P 500 Futures rose 0.6% to 6,066.25 points, while Nasdaq 100 Futures gained 0.6% to 21,729.75 points by 18:58 ET (23:58 GMT). Dow Jones Futures were also 0.6% higher at 43,943.0 points.
Trump takes office, announces slew of executive actions on day one
On January 20, Trump was inaugurated as the 45th President of the United States, marking the start of a new administration that promised significant policy changes.
In his inaugural address, Trump emphasized his vision of restoring American greatness, focusing on themes of economic revitalization, national security, and a shift away from globalization in favor of prioritizing domestic interests.
Immediately after taking office, President Trump began issuing a series of executive orders that underscored his campaign pledges.
His initial orders were to implement an ambitious agenda aimed at expanding U.S. influence, restricting immigration, increasing fossil fuel production, and scaling back environmental regulations.
Trump announced measures to tighten immigration controls, including directives that laid the groundwork for building a wall along the U.S.-Mexico border and increasing deportation efforts.
Trump’s early use of executive orders reflected his commitment to upending the status quo and implementing his vision of "America First." His first day in office was a microcosm of what was to come.
Analysts believe that, initially, investors will adopt a wait-and-see approach as they assess the potential impacts of the new administration’s policies.
Corporate earnings in focus
For the week, investors were poised to analyze earnings reports from several major U.S. corporations, seeking insights into their financial performance and prospects.
The earnings season kicks off with Netflix Inc (NASDAQ:NFLX) reporting its fourth-quarter results on Tuesday.
On Wednesday, GE Vernova LLC (NYSE:GEV), the energy division spun off from General Electric (NYSE:GE), is set to announce its quarterly earnings.
The week also features earnings reports from other industry leaders. Johnson & Johnson (NYSE:JNJ) and Procter & Gamble Company (NYSE:PG) are scheduled to release their results on Wednesday, providing insights into the healthcare and consumer goods sectors, respectively.
Later in the week, American Express Company (NYSE:AXP) and Verizon Communications Inc (NYSE:VZ) will report their earnings, shedding light on the financial services and telecommunications industries.
On Friday last week, the S&P 500 had risen 1% to 5,996.66 points, the Dow Jones Industrial Average gained 0.8% to 43,487.83, while the Nasdaq Composite jumped 1.5% to 19,630.20 points.