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

Wall Street's main indexes closed higher on Tuesday, with the S&P 500 and the Dow hitting their highest in more than a month, as investors assessed Donald Trump's first actions as U.S. president and breathed relief that he did not start his second term with blanket tariff increases.

There’s Donald Trump the crypto champion, promising to unshackle an industry hit by a years-long regulatory crackdown. Then there’s Trump the memecoin, which created billions of dollars of instant paper wealth but earned sharp rebukes even from the industry that stands to gain perhaps the most from his presidency.

The only danger, from Wall Street’s perspective, is that the Trump team’s MAGA instincts and chaotic approach prevent a deregulatory boom. One appointment is emblematic of the coming shift. Gary Gensler,

U.S. stock indexes are drifting higher following a mostly encouraging batch of profit reports from big companies

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.

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.