US stocks closed higher Tuesday after the first full day of Donald Trump’s second presidency, as traders absorbed a blizzard of executive orders that so far point to less aggressive action on trade.

Investors were encouraged by Donald Trump's softer-than-feared tariff announcements as his second term kicked off.

China’s government has begun incrementally stimulating their economy, which could be a tailwind for China equities, which may have bottomed in January of last year.

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.

Markets rose after Trump's day-one trade policy was softer than feared, with the President holding off on issuing new tariffs via executive order.