U.S. stocks are up firmly in positive territory Tuesday afternoon, extending early gains as several counters across various sectors continue to attract strong buying amid expectations of strong earnings from technology majors.

Swiss stocks turned in a fine performance on Tuesday on positive cues from other major markets in the region, and on hopes major central banks will start reducing rates sometime in the foreseeable future.

The U.S. dollar weakened against its major counterparts in the New York session on Tuesday, after the release of weaker-than-expected flash PMI data for the month of April.

European stocks closed higher on Tuesday with several markets hitting multi-month or multi-year highs, and the U.K.'s FTSE 100 climbing to a fresh all-time high, as investors cheered some positive regional economic data and awaited a slew of earnings and economic updates from the U.S.

The Canadian market is up in positive territory a little before noon on Tuesday, led by gains in technology and healthcare stocks. Several stocks from consumer discretionary, consumer staples and industrials sectors are also notably higher.

The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging economic data from Australia.

Gold-dollar down 2.4%, MACD negative. Euro-dollar flat, ROC negative. Pound-dollar dips 0.2%, oversold. Bitcoin-dollar jumps 2.3%, stochastic positive. Wall Street rebounds, eyes on earnings. Bitcoin demand slows post-halving. Tesla expects profit margin decline. Major events: US Redbook Index, New Home Sales, 2-Year Note Auction; Japan's PMI; UK's Net Borrowing.

Gold dives towards 2,300; MACD and RSI decline from overbought regions; Price post bearish correction

Dollar loses ground against risk-linked currencies - But yen continues to slide to new 34-year low - Stocks rebound, gold falls on easing geopolitical concerns

The market spotlight shifts to the U.S. equity market, particularly with the impending release of earnings reports from tech giants .