The Dow Jones Industrials picked up 92.2 points to conclude session at 32,849.74
The S&P 500 was ahead 3.96 at 3,821.62.
The NASDAQ Composite Index inched forward 1.08 points, to 10,547.11.
Overnight on Tuesday, the Bank of Japan moved to widen its cap on the 10-year Japanese government bond yield, catching traders around the world off guard. That added to pressure from other hawkish central banks, with both the European Central Bank and the Federal Reserve raising rates last week and stoking recession fears.
A handful of big companies will report their quarterly results this week ahead of the Christmas holiday. General Mills will report before the bell Tuesday. Nike and FedEx are set to report after the bell.
In economic data, housing starts data for November are due Tuesday morning. This week promises lots of insight into the housing industry.
Sales data for existing homes will be released Friday, new homes Friday.
November’s personal consumption expenditures report, a preferred measure of inflation for the Fed, is due on Friday.
Prices for the 10-year Treasury hurtled earthward, raising yields to 3.69% from Monday’s 3.59%. Treasury prices and yields move in opposite directions.
Oil prices moved higher 83 cents to $76.02 U.S. a barrel.
Gold prices popped $30.30 to $1,828.00 U.S. an ounce.