NEW YORK, New York -  U.S. stocks closed in the black on Tuesday but it was a volatile day as buyers and sellers fought to gain dominance. In the end, all the major indices managed to finish well in front, reversing Monday's losses.

"Markets appear to have moved away from uncertainties surrounding Fed policy and the Dec. 10 FOMC and focusing instead on better-than-expected earnings projections for the fourth quarter and calendar year 2026, in addition to looking beyond the economic soft patch we're currently experiencing to growth accelerating later next year," Doug Beath, global equity strategist at Wells Fargo Investment Institute told CNBC Tuesday. "Seasonality also favors stocks in December, particularly after a weak November."

Markets on Tuesday were also bolstered by a rebound in bitcoin, which had fallen sharply in recent days.

The Standard and Poor's 500 added 16.74 points, or 0.25 percent, to close at 6,829.37, as broad-based buying lifted the benchmark index. The index traded between an intraday low of 6,806.71 and a high of 6,851.55 during the session.

The Dow Jones Industrial Average rose 185.13 points, or 0.39 percent, to finish at 47,474.46, supported by strength in several industrial and financial stocks. The blue-chip index moved between 47,263.92 and 47,597.11 during the day's trade.

Technology shares led gains on the Nasdaq Composite, which jumped 137.75 points, or 0.59 percent, to end at 23,413.67, reflecting continued investor appetite for growth and innovation-linked stocks.

U.S. Dollar Mixed Against Major Currencies in Tuesday's FX Trading

The U..S dollar traded mixed against major global currencies on Tuesday, with gains against the Japanese yen offset by declines versus several commodity-linked and European currencies, as traders weighed shifting expectations around interest rates and global economic conditions.

The euro strengthened against the greenback, with the EUR/USD pair rising 0.10 percent to 1.1620, reflecting modest demand for the single currency amid cautious sentiment surrounding U.S. monetary policy.

The U.S. dollar advanced against the Japanese yen Tuesday, with USD/JPY climbing 0.30 percent to 155.87, as yield differentials continued to support the dollar despite intermittent safe-haven flows into the yen.

Against the Canadian dollar, the greenback weakened, with USD/CAD easing 0.17 percent to 1.3974, as oil-linked currencies found some support amid stabilising commodity prices.

The British pound edged slightly lower versus the U.S. dollar, with GBP/USD slipping 0.04 percent to 1.3207, as traders remained cautious amid ongoing uncertainty about the United Kingdom's economic outlook and interest rate trajectory.

The dollar also softened against the Swiss franc, with USD/CHF down 0.17 percent at 0.8031, as demand for traditional safe-haven currencies ticked higher during the session.

In the Asia-Pacific region Tuesday, the Australian dollar strengthened, with AUD/USD jumping 0.33 percent to 0.6564, supported by improved risk appetite and firmer commodity prices. The New Zealand dollar also edged higher, with NZD/USD gaining 0.10 percent to 0.5734.

Overall, currency markets on Tuesday reflected a cautious but steady risk tone, with traders continuing to balance shifting global growth expectations, central bank policy signals and geopolitical developments.

Global Markets Mixed at Tuesday Close as Asian Gains Offset European Weakness, Canada also drops

Global share markets finished Tuesday's trading session mixed, with modest declines across several key European benchmarks, while most Asia-Pacific markets recorded gains. Investor sentiment remained cautious as markets balanced economic data, central bank expectations and ongoing geopolitical uncertainty.

In Canada, the S\&P/TSX Composite Index slipped 52.50 points, or 0.17 percent, to close at 31,049.28, as weakness in resource and financial stocks weighed on the broader market.

In the UK, London's FTSE 100 edged slightly lower, closing down 0.73 points, or 0.01 percent, at 9,701.80.

In Europe, Germany's DAX outperformed its regional peers, rising 121.42 points, or 0.51 percent, to 23,710.86, while in France' the CAC 40 slipped 22.39 points, or 0.28 percent, to 8,074.61.

The broader EURO STOXX 50 gained 18.69 points, or 0.33 percent, to end at 5,686.17.

Elsewhere in the region, the Euronext 100 Index dipped 1.56 points, or 0.09 percent, to 1,702.32, while in Belgium the BEL 20 fell 7.69 points, or 0.15 percent, to 5,010.36.

In the Asia-Pacific region pn Tuesday, markets were mostly higher. Hong Kong's Hang Seng Index climbed 61.79 points, or 0.24 percent, to 26,095.05.

In Mainland China, shares ended lower, with the SSE Composite Index slipping 16.29 points, or 0.42 percent, to 3,897.71.

Japan's Nikkei 225 was flat, edging up just 0.17 points, or 0.00 percent, to 49,303.45 at the close.

In Singapore the Straits Times Index added 11.74 points, or 0.26 percent, to close at 4,537.96.

Australian equities also advanced, with the S\&P/ASX 200 rising 14.50 points, or 0.17 percent, to 8,579.70, while the broader All Ordinaries Index gained 11.10 points, or 0.13 percent, to finish at 8,877.50.

New Zealand's S\&P/NZX 50 Gross Index climbed 54.28 points, or 0.40 percent, to 13,502.77.

In South Asia, Indian shares moved lower Tuesday, with the S\&P BSE Sensex dropping 503.62 points, or 0.59 percent, to 85,138.27.

Across Southeast Asia, Indonesia's IDX Composite jumped 68.25 points, or 0.80 percent, to 8,617.04, while in Malaysia the FTSE Bursa Malaysia KLCI rose 6.03 points, or 0.37 percent, to 1,630.60.

Stronger gains were seen in Northeast Asia, with South Korea's KOSPI Composite Index surging 74.56 points, or 1.90 percent, to 3,994.93, while Taiwan's TWSE Weighted Index advanced 221.74 points, or 0.81 percent, to 27,564.27.

In the Middle East and Africa, Israel's TA-125 Index jumped 60.87 points, or 1.75 percent, to close at 3,538.16.

In Egypt on Tusday, the EGX 30 Price Return Index fell 68.30 points, or 0.17 percent, to 40,625.60, while South Africa's Top 40 USD Net TRI Index dropped 94.24 points, or 1.43 percent, to 6,478.33.

Overall, Tuesday's global session reflected a cautious but resilient tone, with strong performances across much of Asia offsetting weakness in Europe, Canada, and select emerging markets, as investors continue to assess the outlook for inflation, interest rates and global economic growth.

(This report incorporates quotes retrieved with the assistance of artificial intelligence).

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