U.S. stocks rose after more companies said they made bigger profits at the end of last year than analysts expected and as Treasury yields eased.

Trump’s Day 1 actions did not fully clarify his priorities on this front. In his inaugural speech, the president reiterated his broad commitment to protectionism. Meanwhile, his administration prepared to launch federal investigations into America’s trade deficit in general, as well as the trade practices of China, Mexico, and Canada in particular.

U.S. stock indexes are rising following a mostly encouraging batch of profit reports from big companies. The S&P 500 rose 0.7% in afternoon trading Tuesday, as many markets around the world took only tentative steps following Donald Trump’s return to the White House.

Markets are pointing higher on the first day of trading under the second administration of U.S. President Donald Trump.

US stocks ticked higher but currencies swung a day after Donald Trump’s inauguration, as investors weighed further tariff threats from the new president against an absence of day one actions. The S&P 500 was up 0.