Wall Street interpreted President Donald Trump’s initial comments and actions on international trade as less severe than expected, leading to a rise in the Dow Jones Industrial Average on Tuesday. At the time of writing,

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 president and breathed relief that he did not start his second term with blanket tariff increases.

US stock indices opened higher on Tuesday, as investors’ focus shifts on President Donald Trump's executive orders on energy and immigration, while awaiting his trade policy. At 09:57 a.m. the Dow Jones Industrial Average rose 258.

The stock market's premium valuation may be the biggest headwind standing in the way of Donald Trump overseeing another bull market run. There's a crystal-clear correlation between time and wealth creation on Wall Street.

On an annualized basis, Biden’s Dow performance is slightly below the 50-year average, but higher than the average among 20th and 21st-century Democratic presidents. Among one-term presidents, the Dow’s performance under Biden is the worst since Jimmy Carter.