U.S. stocks rallied further as better-than-expected profits for U.S. companies piled up, though CEOs say they're unsure whether it will last because of uncertainty created by President Trump's trade war.

Wall Street on Wednesday was in rally mode, as sentiment was lifted by U.S. President Donald Trump softening his aggressive rhetoric against Federal Reserve chair Jerome Powell and China. The benchmark S&P 500 (SP500) was last +2.

Skechers U.S.A., the shoe and apparel company, pulled its financial forecasts for the year due to “macroeconomic uncertainty stemming from global trade policies” even though it just reported a record quarter of revenue at $2.41 billion. Its stock fell 4.3%.