U.S. President Donald Trump's first day in the Oval Office seemed light on any immediate action on that front, sending markets higher.

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.

Global markets were volatile while the dollar rebounded on Tuesday in choppy trading as Donald Trump returned to the White House. President Trump did not immediately impose tariffs on Monday as previously promised,

The dollar weakened ahead of the inauguration, as the Trump administration signaled that new tariffs would not be imposed on the new president's first day in office. Start the day smarter. Get all the news you need in your inbox each morning.

One trading day into Donald Trump’s second term and it’s clear the stock market has a new driver, at least for now. Share prices rallied Tuesday, with gains largely generated by one thing the president didn’t do: enact sweeping tariffs on major trading partners.

The dollar drifted slightly higher on Wednesday in indecisive trading as a lack of clarity on President Donald Trump's plans for tariffs kept financial markets guessing. Trump said late on Tuesday that his administration was discussing imposing a 10% tariff on goods imported from China on Feb.

Global stock markets rose on Tuesday, after US President Donald Trump stopped short of announcing new tariffs on his first day in office. The three main US indexes ended the day higher, while shares in Europe and Asia also made modest gains.

A gauge tracking emerging market currencies rallied, while the dollar fell sharply, after a report that Donald Trump would refrain from imposing new tariffs on his first day back as US President.