The share prices of several of the most valuable publicly traded companies reached all-time highs since Donald Trump won the 2024 presidential election.
A new Benzinga reader poll predicts where the S&P 500 Index will open on Tuesday, Jan. 21, the day after Trump's inauguration.
What Happened: Trump's inauguration, which took place on Monday, marked his second non-consecutive term as the U.S. President.
The stock market remains closed Monday in honor of Martin Luther King Jr. Day, which is a federal holiday.
While investors can’t trade stocks individually mentioned or sectors highlighted during Trump’s inauguration speech, the market’s reaction will unfold when trading resumes on Tuesday.
Benzinga polled readers on how high the S&P 500, one of the leading stock market indexes, might climb when trading resumes on Tuesday.
"How high will the S&P 500 climb when it opens on Tuesday after Donald Trump's inauguration?" Benzinga asked.
Here are the results:
- Up 51 to 100 points: 39%
- Up 0 to 50 points: 35%
- Up 101+ points: 14%
- None, the S&P will drop: 11%
The poll found that 89% of readers think the S&P 500 will trade higher on Tuesday. The leading vote-getter was 51 to 100 points. This translates to a 0.8% to 1.7% gain based on Friday's closing price of 5,996.66 for the index.
The next leading vote-getter was 0 to 50 points, which would be a positive gain but on a smaller level.
Around 14% of readers believe the S&P 500 Index will gain at least 101 points on Tuesday.
Why It's Important: The S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust SPY, enjoyed strong returns during Trump's last term in the White House.
During Trump’s last four years in the White House, the SPDR S&P 500 ETF Trust was up around 70%.
Observers don’t expect all the gains to happen on Trump’s first day in office. Tuesday’s stock price action could signal optimism for a new administration, although some of the optimism may already be priced in.
On Nov. 6, 2024, the SPDR S&P 500 ETF Trust opened at $589.20, marking a 2.2% increase from its previous close on Election Day. The strong open and subsequent closing price of $591.04 may reflect investor sentiment following Trump’s victory in the 2024 election.
The SPDR S&P 500 ETF opened at $381.11 — up 0.6% from the previous close — on Jan. 20, 2021 when Joe Biden was sworn in as president. The ETF closed at $383.89 for the day, ending the day up from the previous day and higher than the opening price.
The same can be said for the ETF on Jan. 20, 2017 — the last time Trump was sworn in as president. The ETF opened at $226.70, up from a close of $225.91 the night before. The ETF closed at $226.74. That was up from the close the night before, but only marginally from the opening price that day.
A recent Benzinga poll asked readers what they believe the S&P 500 ETF will return from 2025 through 2029. The range of 31% to 45% was the leading vote-getter at 33%, followed by 0% to 15% at 24%.
Another Benzinga poll found that 26% of readers predict the S&P 500 will be up 16% or more in 2025, Trump's first year back in office.
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Benzinga conducted the study from Jan. 16, 2025 through Jan. 17, 2025. It included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 79 adults.
Image created using artificial intelligence via Midjourney.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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