NEW YORK (Reuters) - The dollar ended down while U.S. stock indexes rose in the last day of a choppy trading week, as investors reacted to President Donald Trump’s inaugural speech.

U.S. stocks started the day higher but gave up some gains after Trump started speaking. Some investors worried about the tone of the former reality TV star’s speech and others saw more negativity than optimism in his words.

U.S. Treasury yields fell from 2-1/2-week highs after the speech on concerns fiscal stimulus efforts may be delayed. The dollar, which has lost some momentum in recent weeks, was off 0.3 percent against six major currencies .DXY .

There has been a pause in the post-election market rally in risky assets such as equities amid questions over how Trump’s administration will carry out ambitious campaign promises of lower taxes, more government spending and looser regulations.

“I think folks priced in the good stuff in that first month and now they’re worried about inflation and what’s the Fed going to do, and a stronger dollar and trade wars and tariffs and the like,” said Phil Orlando, chief equity market strategist at Federated Investors in New York.

While stocks fell during Trump’s speech, Friday’s session marked the first time in more than 50 years that a new U.S. President was welcomed by a rising market on his first day, according to Reuters data.

Trump promised to put “America first” and that the U.S. would buy American and hire American.

“There’s a concern about what his trade policies will be,” said Jamie Cox, managing partner of Harris Financial Group, after he attended the inauguration in Washington D.C. “That’s probably the No. 1 area where Trump will have to tone down his rhetoric because we do have to work with other nations.”

The Dow Jones Industrial Average .DJI was up 94.85 points, or 0.48 percent, to 19,827.25, the S&P 500 .SPX had gained 7.62 points, or 0.336619 percent, to 2,271.31 and the Nasdaq Composite .IXIC had added 15.25 points, or 0.28 percent, to 5,555.33. All three indexes fell for the week.

The MSCI all world stock index .MIWD00000PUS was up 0.4 percent on the day but was poised for a weekly decline.

Benchmark 10-year notes US10YT=RR fell 3/32 in price to yield 2.47 percent, after earlier rising to 2.51 percent, the highest since Jan. 3. The yields have jumped from a low of 2.31 percent on Tuesday.

“When he got a little more anti-establishment you could see the yields dropping a little bit,” said Aaron Kohli, an interest rate strategist at BMO Capital Markets in New York.“To some extent the market sees his honeymoon period where he has license to help get more legislation passed as fairly brief, and the risk is that if he diverts conversation to more populist topics that the market will have a harder time believing that he will get a lot of the other stuff, the fiscal policy, the stimulus, the infrastructure, passed as well.”

Spot gold XAU=, on track for a fourth straight week of gains, was up 0.2 percent at $1,207.36 per ounce as investors looked for safety.

Oil prices rose for the second day in a row on expectations a weekend meeting of the world’s top oil producers would demonstrate compliance to a global output cut deal. [O/R]

Brent crude LCOc1, the international benchmark, settled up 2.46 percent at $55.49. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 settled up 2.04 percent at $52.42 per barrel.