The absence of any immediate imposition of broad tariffs in the wake of President Trump’s inaugural speech also provided some relief to equities.

Things left unsaid during Donald Trump’s presidential inauguration speech and accompanying festivities Monday appeared set to give U.S. stocks a lift, while pulling down the dollar and U.S. Treasury yields.

The U.S. dollar dropped and bitcoin hit an all-time high on Monday before Donald Trump’s inauguration as U.S. president later in the session, with investors focusing on policy announcements that could immediately affect the greenback.