Stocks, Bitcoin Surge on Trump's Inauguration Day

Donald Trump's inauguration for his second term has led to a surge in stock market futures and a significant rise in Bitcoin, which hit a record above $109,000. Market sentiment was buoyed by reports that Trump would not impose immediate tariffs, allowing traders to feel more optimistic about a pro-business agenda. Futures for the S&P 500, Dow Jones, and Nasdaq all rose, reflecting investor confidence in upcoming executive actions that are anticipated to focus on deregulation and energy policies. Trump is expected to issue a trade memorandum that will avoid immediate tariffs while initiating investigations into unfair trade practices involving China, Canada, and Mexico. Prominent investors expressed relief at the shift from the previous administration's policies, with many anticipating substantial changes in business regulation. However, some caution was noted regarding potential implications of rising interest rates on the broader market.