The stock market has largely tuned out the noise as the new administration carries out what may be the largest reorganization of government since Franklin D. Roosevelt.

U.S. stocks rose Tuesday after more companies said they made bigger profits at the end of last year than analysts expected and as Treasury yields eased. The S&P 500 climbed 0.9%, while many markets around the world took only tentative steps following Donald Trump’s return to the White House on Monday.