The Dow rose 0.71%, the S&P 500 gained 1.23%, and the Nasdaq advanced 1.86%, with traders awaiting Big Tech earnings, the Federal Reserve’s policy decision, and further updates from trade negotiators.

The US Dollar Index slid to around 98.6 on Tuesday, hitting a one-week low as optimism over an imminent US–China trade agreement curbed demand for the greenback.

In fixed income markets, the 10-year Treasury yield steadied near 3.98% after early-week volatility. Markets are now focused on Wednesday’s Fed meeting, where a 25-basis-point rate cut is widely expected following a softer inflation data last week.

Take a look at today's analysis for more market insights!