U.S. stocks are rising Tuesday after more companies said they made bigger profits at the end of last year than analysts expected. The S&P 500 was up 0.9% in afternoon trading, as many markets around the world took only tentative steps following Donald Trump’s return to the White House on Monday.

BMO Capital Markets forecasts the S&P 500 will reach 6,700, reflecting a gain of 13.2%. Chief investment strategist Brian Belski said he and his team "remain resolutely bullish," but expect "performance and fundamentals will more closely match the historical norms -- namely, in the high-single digit/low-double-digit percentage range in 2025."