Apple and other big U.S. companies reporting fatter profits than expected are helping Wall Street shave off its sharp losses from the start of the week on Friday. The S&P 500 was 0.7% higher in morning trading.

The S&P 500 has gained about 3% while China's CSI 300, which has been closed toward the end of the month due to new year's celebrations, has lagged other indexes. U.S. stock market futures higher traded higher on Friday,

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 0.7% in afternoon trading, as many markets around the world took only tentative steps following Donald Trump’s return to the White House on Monday.