U.S. stocks are rising Tuesday after more companies said they made bigger profits at the end of last year than analysts expected. The S&P 500 was up 0.7% in afternoon trading, as many markets around the world took only tentative steps following Donald Trump’s return to the White House on Monday.

US stocks started higher after Donald Trump returned to the White House on Monday and seemed to soften his stance on tariffs.

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.