Trump, a New York businessman and former reality TV star, is
scheduled to be sworn in around midday by Supreme Court Chief
Justice John Roberts in Washington.
Investors will focus on Trump's inaugural speech to get more
insight into his economic policies.
"All eyes will be on the content and style of Trump's
inauguration speech," Morgan Stanley strategists led by Hans
Redeker wrote in a note. "The more 'Presidential' this speech
comes across, the better the outcome for markets."
Trump's campaign promises of tax and regulatory reforms and
higher infrastructure spending had driven Wall Street to
multiple highs post-election. However, the Trump trade has been
unraveling in recent weeks as investors wait to see how he will
carry out his ambitious plans.
U.S. stocks closed lower on Thursday as strong economic data was
overshadowed by investor caution ahead of Inauguration Day.
Index futures were up on Friday, a day after Federal Reserve
Chair Janet Yellen backed her stance for gradual interest rate
Dow e-minis <1YMc1> were up 11 points, or 0.06 percent at 8:21
a.m. ET (1321 GMT), with 22,464 contracts changing hands.
S&P 500 e-minis <ESc1> were up 4.5 points, or 0.2 percent, with
107,969 contracts traded.
Nasdaq 100 e-minis <NQc1> were up 12.5 points, or 0.25 percent,
on volume of 17,160 contracts.
"I would expect an extremely calm day," said Brad Lamensdorf,
chief executive officer of Active Alts Inc.
"Usually these type of events are highly publicized so people
are very distracted during the day and I wouldn't expect a lot
The dollar index <.DXY> edged up for the third straight session,
after dropping to its lowest in over a month on Tuesday on
Trump's comments on the currency's strength.
Investors are also analyzing a thrush of quarterly earnings
reports from Dow components. IBM <IBM.N> slipped 1.3 percent to
$164.35 premarket after the company reported its 19th quarter of
American Express <AXP.N> lost about 2 percent after the company
reported a quarterly profit that missed expectations.
Procter & Gamble <PG.N> rose 2.7 percent after the consumer
products maker reported quarterly sales and profit above
General Electric <GE.N> was off 1.4 percent after the industrial
conglomerate reported a drop in quarterly revenue.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
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