Filip De Mott

Meanwhile, the US is voting on whether to apply sanctions between Iran and China, Bloomberg reported.

Stocks trended higher on Tuesday as earnings continued to deliver better-than-expected results.

First Quantum's mine was shut down because the company couldn't reach a new tax deal with the Panamanian government.

Torsten Slok cautioned that the market could return to the environment that characterized 2022, when stocks plummeted into a brutal bear market.

"Fed Chair Powell moved more decidedly in a hawkish direction," Quincy Krosby, Chief Global Strategist for LPL Financial, said.

Surveyed investors are at their most bullish in two years, with 78% considering a global recession to be unlikely, BofA found.

Shareholders are voting on whether to approve Elon Musk's massive compensation package. It's essentially a vote deciding how central Musk is to Tesla, investor Roger McNamee told CNBC

"Loose fiscal policy in the United States exerts upward pressure on global interest rates and the dollar," the IMF's Vitor Gaspar said.

Cocoa futures reached above $10,770 a ton, as the chocolate ingredient looks set for more inventory stress from Nigerian flooding.

The office sector continues to lead the commercial real estate downturn, with delinquency rates for the sector continuing to rise last quarter.