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.

Stock markets in the Asia-Pacific region have moved higher after President Donald Trump outlined a pro-business agenda for his second term in the White House and stopped short of imposing new trade tariffs on his first day in office.

The dollar rebounded sharply on Tuesday after plunging hours earlier as Donald Trump's first day back in the U.S. presidency brought mixed messaging on tariffs and highlighted investors' sensitivity to headlines about trade policy.