U.S. stocks are drifting higher Tuesday after more companies said they made bigger profits at the end of last year than analysts expected. The S&P 500 was up 0.5% in midday trading, as many markets around the world took only tentative steps following Donald Trump’s return to the White House on Monday.

U.S. stock indexes were split on Monday as gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies. The Dow Jones Industrial Average climbed 358 points, or 0.9%, while the weakness for Big Tech stocks dragged the Nasdaq composite to a loss of 0.

Asian shares are mixed in mostly muted trading, despite anticipation for a market reaction to the inauguration of U.S. President Donald Trump

SLB helped lead the market after the provider oilfield services delivered bigger profit and revenues for the end of 2024 than analysts expected. It jumped 6.1% after it also raised its dividend by 3.6% and said it’s returning $2.3 billion to its investors by buying back its own stock.

Markets are poised to open with gains Tuesday, the first day of trading under the second administration of U.S. President Donald Trump. Futures for the S&P 500 and Dow Jones Industrial Average rose about 0.