Asian shares are trading mostly higher after a Wall Street rally that followed profit reports from major companies

Wall Street drifted higher as gains for most stocks outweighed drops for Alphabet and some other big-name companies following their latest earnings reports

However, the stock market shifted into a higher gear in November after Donald Trump emerged as the victor on election night. While it's crystal clear that Wall Street loves President Trump, an inherited risk threatens to send the Dow Jones, S&P 500, and Nasdaq Composite tumbling.

Calm returned to Wall Street Tuesday, and tech stocks led U.S. indexes higher following a strong profit report from Palantir Technologies, a darling benefiting from the artificial-intelligence boom. The S&P 500 rose 0.

Stocks on Wall Street edged higher Wednesday as the focus swings back toward how much profit businesses are making.