US stocks rose last week as a strong jobs report, steady earnings reports and bold promises to roll back financial regulation trumped fears about policy missteps from the new administration.

This week, the euphoria could continue if positive earnings reports from media and consumer companies and big deals for Verizon Communications and department store Macy's materialise as expected.

Last week began with outrage on many city streets and nervousness on Wall Street about Mr Trump's order to block all emigrants from seven primarily muslim nations from entering the US. Many tech executives, including Google's founder Sergey Brin, himself an immigrant, objected to the order. Silicon Valley was built with brilliant minds imported from all over the world.