Looking ahead, some analysts think the stock market will keep soaring as Trump pushes for deregulation and tax cuts during his second term. For instance, while on the campaign trail, he proposed lowering the corporate tax rate to 15% for domestic manufacturers. That could boost net profit margins and send the stock market higher.

Donald Trump’s second presidency is now underway. Here’s a look at how U.S. stocks have fared historically during a new president’s initial months in the White House.

U.S. stocks were gaining early Wednesday as traders digested President Donald Trump’s policy plans. His early announcements eased concerns about tariffs on imports and bolstered the outlook for technology companies.