Dow futures rise 150 points on Trump inauguration day with regular trading closed

US stock futures rose amid the inauguration of Donald Trump, as investors bet a series of immediate actions by the incoming president would stimulate the economy, especially in sectors such as banking and energy sectors.

Traders were also likely encouraged by a report that Trump did not immediately install new tariffs on the first day.

Dow Jones Industrial average futures gained 162 points, or 0.4%. S&P 500 Futures added 0.4%. Nasdaq-100 futures rose 0.4%.

Regular trading on the New York Stock Exchange and Nasdaq was closed for the Martin Luther King Day holiday, but there was limited futures trading.

Bitcoin he jumped to a new record above $109,000 on Monday.

“I’ve been doing this for 49 years and we’ve probably gone from the most anti-business administration to the opposite,” said Stanley Druckenmiller, president and CEO of the Duquesne Family Office, in an interview during the special inauguration coverage of CNBC. “CEOs are somewhere between relief and giddy … we’re a believer in animal spirits.”

There will be a flurry of executive actions unveiled on Monday for investors to assess as to their impact on the economy. The Wall Street Journal reported that Trump’s trade memorandum to be issued does not yet impose tariffs. The memo will call for investigations of China, Canada and Mexico for unfair trade practices and currency policies.

Elsewhere, the president-elect will declare a national energy emergency, according to an incoming White House officialwith the aim of lowering high costs. It would expand the president’s legal options to allow drilling in Alaska and other areas.

Other executive actions coming Monday are likely to address business deregulation and immigration restrictions.

Druckenmiller, considered one of the best hedge fund managers, had some caution about the general market because of the increase in interest rates.

Trump will be sworn in at noon ET on Monday.