Wall Street Responds Positively to Trump's Inaugural Address

Major stock equities in New York City experienced an uplift during premarket hours on Tuesday, following Donald Trump's swearing-in for another presidential term. Investors seemed to welcome Trump's inaugural address, where he hinted at the potential introduction of a 25% tariff on goods from Mexico and Canada starting next month.

Investors Eye Davos and Corporate Earnings

As the World Economic Forum kicks off in Davos, the financial community is also turning its attention to the upcoming corporate earnings reports. Notable companies such as Netflix, United Airlines, and 3M are expected to release their results today, adding another layer of anticipation to the market's movements.

Market Movements

By 4:21 am ET, the Dow Jones Industrial Average had risen by 0.27%, or 121 points. Similarly, the Nasdaq 100 climbed by 0.36%, and the S&P 500 added 0.30%. Meanwhile, the euro experienced a 0.53% drop against the dollar, trading at 1.03637.