NEW YORK (AP) — Most U.S. stocks rose Thursday, as the Federal Reserve cut interest rates again to make things easier for the economy.

The S&P 500 climbed 0.7% to add to its surge from the day before following Donald Trump’s presidential victory. The Dow Jones Industrial Average was virtually unchanged and edged down by less than a point, while the Nasdaq composite rallied 1.5%.

The Fed’s announcement that it was easing its main interest rate caused few ripples in the market because even the precise size of it was so well anticipated by investors.

The central bank began easing rates in September and indicated more cuts were likely to come, as it focuses more on keeping the job market humming after helping get inflation nearly down to its 2% target. What’s less certain in the minds of investors now is how much Trump’s victory may upset the Fed’s plans.

Trump is pushing for tariffs and other policies that economists say could drive inflation higher, along with the economy’s growth. Traders have already begun paring forecasts for how many cuts to rates the Fed will deliver next year because of that. While lower rates can boost the economy, they can also give inflation more fuel.

For now, Fed Chair Jerome Powell said, nothing is changing. “In the near term, the election will have no effects” on interest-rate policy, he said.

With any president, Powell said the Fed looks at possible policy changes and simulates how they could affect the economy. Only after looking at the overall effect of all the policies do Fed officials decide how that should shape where interest rates go. And at this point, Powell said it’s still not clear what the policies will be after Trump returns to the White House.

“We don’t guess, we don’t speculate and we don’t assume,” he said.

On Wall Street, healthcare services company McKesson helped drive the market by jumping 10.6% after reporting a stronger profit for the latest quarter than analysts expected.

Lyft revved up by 22.8% after the ride-hailing app breezed past Wall Street’s sales and profit expectations, and Ralph Lauren rose 6.6% after customers in Asia and Europe helped it deliver a bigger profit than expected.

They helped make up for bank stocks, which gave back some of their stellar gains from the day before. Other “Trump trades” that had rocketed higher after the election also lost some of their juice.

JPMorgan Chase fell 4.3%, a day after banks decisively led the market on expectations that a stronger economy and lighter regulation would mean fatter profits. It and Goldman Sachs were the biggest reasons for the Dow Jones Industrial Average's slight loss.