The Dow Jones Industrial Average closed at a record high on Tuesday, achieving the milestone less than 24 hours after a tariff pledge from President-election Donald Trump had sparked fears of a panic in the stock market.

The Dow Jones is treading choppy waters near 44,700 on Tuesday, finding an intraday floor near 44,400 before settling back into the day’s opening bids. The major equity index briefly set another record all-time high bid just above 44,800, but bulls are beginning to show signs of exhaustion.

In the stock market, Bath & Body Works jumped 19.1% after delivering stronger profit for the latest quarter than analysts expected. The seller of personal care products and home fragrances also raised its financial forecasts for the full year, even though it still sees a “volatile retail environment” and a shorter holiday shopping season this year.

Stocks were higher Tuesday afternoon as investors digested earnings reports from several retailers and awaited results from technology companies after the closing bell.