Stock Futures Rise After MLK Day, Presidential Inauguration

Wall Street is reacting to updates from the new Presidential administration

Laura McCandless

Deputy Editor

Jan 21, 2025 at 9:23 AM

Stock futures are on the rise today following the Martin Luther King Jr. Day holiday and U.S. President Donald Trump's Inauguration, with futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) up triple digits ahead of the open. Investors are targeting oil and gas stocks after Trump declared a national energy emergency aiming to boost fossil production. Meanwhile, earnings season picks back up this week, with several airlines on the docket.

Continue reading for more on today's market, including: .

A quick recap of the market last week.
Long straddle: a valuable options strategy for earnings season.
Plus, MRNA speeds up bird flu vaccine; MMM jumps on earnings beat; and ROKU receives new bull rating.

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 3.4 million call contracts and over 1.4 million put contracts exchanged on Friday. The single-session equity put/call ratio fell to 0.43 and the 21-day moving average remained at 0.61.
Moderna Inc (NASDAQ:MRNA) is up 4.4% premarket, after the biotech name was awarded $590 million from the U.S. Health and Human Services Department to speed up the development of its bird flu vaccine. H5N1 is spreading rapidly in the U.S. Since last January, MRNA is down 65.6%.
3M Co (NYSE:MMM) is 4.2% higher before the bell, following the company's strong fourth-quarter results. On track for its sixth-straight daily gain, the stock is looking to open at its highest levels in nearly three years as it adds to a 58.5% year-over-year gain.
Roku Inc (NASDAQ:ROKU) is up 2.4% in electronic trading, after a brand-new bull note from JMP. The firm initiated coverage with an "outperform" rating, noting the streaming name stands to benefit from growth in ad spending. Year over year, the equity is down 9.7%.
Take a look at what economic data is scheduled this week.

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Asian Stocks Mixed After Wholesale Inflation

Asian markets were mixed Monday, as traders in the region awaited more insight into U.S. President Trump’s policies following his inauguration. Meanwhile, South Korea’s December wholesale inflation hit its highest level since July 2024, rising 1.7% year-over-year. In response, the region’s Kospi dipped 0.08%. Elsewhere, China’s Shanghai Composite inched 0.05% lower, while Japan’s Nikkei gained 0.3%, and Hong Kong’s Hang Seng advanced 0.9%.

European stocks are also mixed today, as investors react to Trump’s inauguration and await the start of the World Economic Forum in Davos, Switzerland, this week. Meanwhile, U.K. private sector wages rose 6% in the three months to November, though payroll figures hinted at a weakening labor market. These conflicting signals add to economic uncertainty, keeping rate watchers on edge. At last glance, Germany’s DAX is down 0.1%, London’s FTSE 100 is fractionally lower, and France’s CAC 40 is up 0.09%.

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