US Stocks Set To Open On A Positive Note As Trump's Second White House Term Kicks Off: Tesla, Apple, Netflix Among Stocks In Focus

U.S. stocks could open on a positive note on Tuesday after Donald Trump's inauguration as the 47th President of the U.S. on Monday.

Futures point to a positive start to the Trump presidency amid a cloud of tariff threats against other countries and a slew of executive orders. These include Trump revoking President Biden's EV mandate, refocusing on energy, and ordering the government's employee base to be reduced.

Futures	Change (+/-)
Nasdaq 100	0.46%
S&P 500	0.40%
Dow Jones	0.37%
R2K	0.68%

In premarket trading on Tuesday, the SPDR S&P 500 ETF Trust SPY gained 0.45% to $600.24 and the Invesco QQQ ETF QQQ rose 0.50% to $524.35, according to Benzinga Pro data.

Cues From Last Session:

U.S. stocks ended Friday on a positive note, with the Nasdaq and S&P 500 ending the day with major gains, while the Dow Jones closed 0.78% in the green.

Crude oil prices edged lower as traders await clarity about the new Trump administration's agenda.

Tesla Inc. TSLA and Nvidia Corp. NVDA were among the top gainers on Friday, surging 3% during the session.

On the economic data front, U.S. industrial production rose by 0.9% in December, topping market estimates of a 0.3% increase. Housing starts rose by 15.8% from the previous month to an annualized rate of 1.499 million units in December.

Most sectors on the S&P 500 closed on a positive note, with consumer discretionary, information technology, and communication services stocks recording gains on Friday.

However, healthcare and real estate stocks bucked the overall market trend, closing the session lower.

Index	Performance (+/-)	Value
Nasdaq Composite	1.51%	19,630.20
S&P 500	1.00%	5,996.66
Dow Jones	0.78%	43,487.83
Russell 2000	0.40%	2,275.88

Insights From Analysts:

Analysts at JPMorgan sounded optimistic about the earnings growth prospects of U.S. companies over their European rivals, but the reason for this is slightly different.

According to JPMorgan strategist Mislav Matejka, the optimism stems from the fact that projections for the U.S. benchmark were "meaningfully" reduced despite a strong economy, according to a report by Bloomberg.

On the other hand, expectations were "more punchy" for European stocks, which could be challenging for companies to meet.

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Upcoming Economic Data

While there are no economic events scheduled for Tuesday, here's what investors will keep an eye on for the rest of the week:

On Wednesday, leading economic indicator data will be released at 10:00 a.m., ET.
On Thursday, initial jobless claims data will be released at 8:30 a.m. ET.
On Friday, S&P flash services PMI and manufacturing PMI will be released at 9:45 a.m. ET.
Existing home sales and consumer sentiment data will be released at 10 a.m., ET.

Stocks In Focus:

Auto stocks like Tesla Inc. TSLA, Rivian Automotive Inc. RIVN, General Motors Co. GM, Ford Motor Co. F, and Lucid Group LCID, among others, will be in focus on Tuesday.
Nvidia Corp. NVDA gained 3.10% in pre-market trading President Trump revoked the Biden administration's AI order.
Apple Inc. AAPL stock fell nearly 2% after a rare downgrade from Jefferies, citing slowing revenue growth and iPhone demand.
Intel Corp. INTC continued to soar amid reports of the chipmaker being the target of an acquisition bid.
Netflix Inc. NFLX edged up by 0.8% ahead of its earnings scheduled for later today.
Trump Media & Technology DJT shares fell more than 7% in pre-market after President Trump's inauguration.