Stock futures rise as investors digest Trump’s executive orders; Market wants to add to last week’s gains

Stock futures are poised to open higher on Tuesday after President Donald Trump returned to office and issued a flurry of executive orders, including several that will have an impact on businesses and the economy.

Futures tied to the Dow Jones Industrial Average and the S&P 500 were each up 0.4% about an hour before the opening bell, while Nasdaq futures were up 0.5%. Stocks ended higher Friday — ahead of a break for Martin Luther King Jr. Day – and delivered their best weekly performance since the week of the presidential election in early November.

Among the dozens of orders signed after his inauguration on Monday, Trump urged federal agencies to take steps to reduce inflation, develop new energy sources and deport unauthorized immigrants. While he did not implement tariffs as he had previously promised to do on “day one,” Trump said the administration is considering 25% tariffs on Mexico and Canada, and he also said an “external revenue service” would be established to collect “an enormous amount of money is flowing into our treasury from foreign sources.”

Among notable moves before the bell Tuesday, shares of Dow component 3M ( MMM ) were up more than 4% after the conglomerate reported better-than-expected earnings. Financial services provider Schwab ( SCHW ) and homebuilder DR Horton ( DHI ) rose 4% and 3%, respectively, after reporting strong quarterly results. Shares of Netflix ( NFLX ), which is scheduled to report earnings after the closing bell, rose 1%

Shares of major tech companies that helped spearhead last week’s rally were mostly higher this morning, led by a 2% gain for EV maker Tesla ( TSLA ). Nvidia ( NVDA ), Microsoft ( MSFT ), Alphabet ( GOOGL ), Amazon ( AMZN ) and Meta Platforms ( META ) also advanced, while Apple ( AAPL ) slipped about 2% after a downgrade from Jefferies.

The yield on 10-year Treasurys, which is sensitive to expectations of where interest rates are headed, was at 4.56%, down from 4.61% on Friday and at a two-week low. Better-than-expected inflation data last week sent interest rates sharply lower as investors’ hopes were renewed that the Federal Reserve could cut its benchmark interest rate again in the coming months.

Bitcoin traded at $104,000 recently, up from overnight lows of around $100,000, but well below the record high of over $109,000 hit yesterday morning ahead of Trump’s inauguration. The digital currency has gained about 50% since the election amid hopes that the crypto-friendly administration will enact policies that benefit the asset class. Trump made no mention of crypto yesterday, dampening the hopes of some who believed he would take immediate steps that would support the market.

Gold futures were down 0.3% this morning at $2,740 a barrel. ounces, while crude oil futures fell about 2%.