Investors were quick to buy back into the market after the expected results, especially after a disastrous October.
An hour after the opening bell, Dow Jones Industrial Average was up 142.47 points, while the S&P 500 was up 21.30 points. The Nasdaq Composite gained 87.50 points.
After the October selloff, S&P 500 is still 5% below its all-time high. Other concerns regarding international foreign policy and trade war fears could be a few reasons for this.
Financial stocks, which where among the biggest gainers of the Trump administration, slipped 0.27% after bank stocks fell 0.52%.
The race for speaker
Many Democrats will soon be contesting for the top role in the House of Representatives, but 78-year-old San Francisco liberal Nancy Pelosi could be the first choice.
Minority leader Pelosi has already made it abundantly clear that she wants the job. She previously held the same position, that too as the first woman speaker, from 2007 to 2011.