Trump's call at Davos for cuts to US interest rates, oil prices, and taxes spurred investor optimism for his policies, buoying stocks this week. The major gauges ended the holiday-shortened week with gains, demonstrating the power of Trump's comments even as Wall Street questions his ability to execute the changes.

U.S. stock indexes are drifting higher following a mostly encouraging batch of profit reports from big companies.

President Trump's first week in office has brought a barrage of executive orders and tariff talk, but investors appear to be shrugging off the uncertainty. The Cboe Volatility Index, the widely followed fear gauge that trades under the ticker VIX,