Dow Jones Futures Climb As Trump Delays Tariff Hikes, Signs Executive Orders

The stock market rally is looking strong, with the Nasdaq and S&P 500 above their 50-day moving averages and many leaders flashing buy signals.

Dow Jones futures rose Monday evening, along with S&P 500 futures and Nasdaq futures, as President Donald Trump prepared to sign a flurry of day one executive orders.

However, Trump appeared to hold off on new tariff hikes, at least for now, saying he wanted to study the issue further.

The stock market rally is showing strong action, with the Nasdaq and S&P 500 back above their 50-day moving averages and several leading stocks flashing buy signals. The video embedded in the article analyzes the market action in depth and reviews Viking stock, ServiceNow, Amazon and much more.

Dow Jones Futures Today

Dow Jones futures climbed 0.55% vs. fair value. S&P 500 futures advanced 0.5% and Nasdaq 100 futures rose 0.5%.

The 10-year Treasury yield fell several basis points to 4.55%. The U.S. dollar fell significantly.

Among commodities, crude oil futures fell more than 1%.

Bitcoin was trading above $102,000. Overnight, it topped $109,000, an all-time high, on Trump optimism.

U.S. stock and bond markets were closed Monday for the Martin Luther King holiday.

Trump launched his own cryptocurrency Friday night. Trump businesses control 80% of the $TRUMP meme coin. Melania Trump has launched her own meme coin, $MELANIA. Both have tumbled from Sunday's peaks.

Keep in mind that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading during the upcoming regular stock market session.

These Stocks Are Building Big Gains As Trump Looms

Trump Delays Tariff Hikes, Signs Executive Orders

In his inaugural address, Trump said he's declaring national emergencies on energy and the southern border. He also said he would revoke the EV mandate, referring to fuel-economy rules that encourage electric vehicles.

Trump largely refrained from announcing new tariffs, despite previously threatening big day one hikes on China, Canada and Mexico. Instead, he wants to study the issue initially. But he made it clear that he does plan to hike tariffs.

Trump is expected to issue some 100 executive orders on day one, many of which were signaled in his speech and in recent days.

So far he's ordered the recession of 78 Biden executive orders and actions. He also ordered a regulatory freeze and halted all federal hiring, excluding the military.

TikTok restored operations Sunday after Trump said he will issue an order giving the Chinese-owned video app a temporary reprieve from a law banning it. That could affect Meta Platforms (META) and Snapchat parent Snap (SNAP).

The executive orders could have a big impact on Wall Street, especially specific sectors and stocks. But markets may have already priced much of this news.

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Stock Market Rally

The stock market rally showed strong action last week. Treasury yields tumbled on tame inflation data while strong earnings also helped the major indexes.

The Dow Jones Industrial Average gained 3.7% in last week's stock market trading, briefly topping the 50-day moving average Friday. The S&P 500 index popped 2.9% and the Nasdaq composite 2.45%, both moving above their 50-day lines Friday.

The small-cap Russell 2000 jumped about 4%, but is still below the 50-day line.

The Invesco S&P 500 Equal Weight ETF (RSP) and The First Trust Nasdaq 100 Equal Weighted Index ETF (QQEW) also rebounded from their 200-day lines, jumping 3.9% and 3.7%, respectively, for the week. RSP is just below the 50-day line while QQEW cleared that key level for the first time in a month.

All the key indexes and equal-weight ETFs are still in ranges going back to December.

Wide Range Of Stocks Up

More bullishly, leading stocks across a wide range of industries are acting well.

Tesla (TSLA), ServiceNow (NOW), Vertiv (VRT), Amazon.com (AMZN) and Broadcom (AVGO) flashed buy signals. Goldman Sachs (GS), Energy Transfer (ET), Viking Cruises (VIK) and Quanta Services (PWR) also are actionable, along with several of their respective peers.

AI giant Nvidia (NVDA) rose modestly for the week, but is still below the 50-day line.

The 10-year Treasury yield dived 16 basis points to 4.61%, backing off Tuesday's 52-week intraday high of 4.81%.

U.S. crude oil futures rose