NEW YORK, New York - U.S. stocks surged into record territory on Tuesday, despite the country registering its worst trade deficit since President Trump launched his flurry of tariffs, which have disrupted trade worldwide.

The trade deficit surged to $105.6 billion on the back of a 4.3 per cent rise in imports for August; analysts had forecast $102 billion. 

Bond yields remained elevated Tuesday but did not extend the 24-year highs reached on Monday. Concerns, however, remain about whether yields have run their course or whether more carnage lies ahead. "The bond market is sending a more important signal right now than the stock market. The Fed controls the short end, but it has far less control over the long end," David Miller, CIO at Catalyst Funds told CNBC Tuesday.

The 30-year Treasury last traded at a yield of 5.653 percent, while the 10-year note  was trading hands at a yield of 5.281 percent. The UK's 30-year Gilt was quoted at 5.934 percent.

The Standard and Poor's 500 (^GSPC) closed at 7,818.97 Tuesday, up 45.02 points or 0.58 percent, on volume of 2.596B. The index traded between a low of 7,805.96 and a high of 7,844.52 on the day, matching its 52-week high of 7,844.52, against a 52-week low of 6,316.91.

The Dow Jones Industrial Average (^DJI) finished at 51,521.22, adding 253.32 points or 0.49 percent, on volume of 393.378M. The blue-chip index ranged from 51,422.90 to 51,672.25 during the session, within a 52-week range of 45,057.28 to 54,744.33.

The NASDAQ Composite (^IXIC) closed at 27,599.79, up 122.48 points or 0.45 percent, on volume of 6.771B. The tech-heavy index moved between 27,592.56 and 27,722.75, matching its 52-week high of 27,722.75, with a 52-week low of 20,690.25.

Tuesday's session delivered broad-based gains, with the S&P 500 and NASDAQ Composite both touching their 52-week highs during the day, while the Dow also closed firmly higher.

U.S. Dollar Mixed Tuesday: Greenback Gains Ground on Yen and Swiss Franc, but Slips Against Euro, Pound, Aussie and Loonie

The U.S. dollar was stronger against the Japanese yen and the Swiss franc on Tuesday, but lost ground to the euro, the British pound, the Australian dollar and the Canadian dollar, according to the latest foreign exchange market quotes.

The euro rose against the dollar, with EUR-USD trading at 1.1258, a gain of 0.31 percent for the single currency.

The dollar advanced versus the Japanese yen, with USD-JPY at 158.1600, up 0.16 percent.

The British pound strengthened against the greenback, with GBP-USD at 1.3275, up 0.40 percent.

The Australian dollar also gained, with AUD-USD at 0.6984, up 0.17 percent.

The U.S. dollar firmed against the Canadian dollar, with USD-CAD at 1.4214, a rise of 0.32 percent for the greenback.

The dollar was also stronger against the Swiss franc, with USD-CHF at 0.8315, up 0.12 percent.

Tuesday's moves painted a mixed picture for the greenback, which found support against the yen, franc and loonie but ceded ground to the euro, sterling and the Aussie dollar.

Global Markets Close Mostly Higher Tuesday as Canadian, UK, European and Asian Indices Advance; KOSPI and TA-125 Slip

World stock markets finished mostly higher on Tuesday, with broad gains across Canada, the UK, Europe and the Asia-Pacific, though a pair of indices bucked the trend.

In Canada, the S&P/TSX Composite index closed at 35,649.51, up 130.96 points or 0.37 percent, on volume of 269.824M. The index traded between 35,542.48 and 35,755.26, against a 52-week range of 29,530.90 to 37,069.10.

In London, the FTSE 100 (^FTSE) closed at 10,541.69, up 43.75 points, a gain of 0.42 percent. The index moved between a low of 10,498.03 and a high of 10,602.57 on the day, against a 52-week range of 9,276.90 to 10,989.50.

On the continent, Germany's DAX P (^GDAXI) ended at 25,449.19, up 194.98 points or 0.77 percent. Its session range was 25,354.84 to 25,522.09, within a 52-week band of 21,863.81 to 26,618.74.

In France, the CAC 40 (^FCHI) closed at 7,865.07, adding 30.97 points, or 0.40 percent. The index traded between 7,837.95 and 7,916.71, against a 52-week range of 7,505.27 to 8,755.03.

The EURO STOXX 50 I (^STOXX50E) finished at 6,272.23 Tuesday, up 30.09 points or 0.48 percent, after moving between 6,252.63 and 6,310.74. Its 52-week range stands at 5,376.81 to 6,577.20.

The Euronext 100 Index (^N100) closed at 1,883.69, up 7.08 points or 0.38 percent. It traded between 1,877.16 and 1,896.53, within a 52-week range of 1,643.41 to 1,984.60.

Belgium's BEL 20 (^BFX) was among Europe's stronger performers, closing at 5,569.99, up 71.03 points or 1.29 percent. The index ranged from 5,526.19 to 5,577.98, against a 52-week range of 4,774.82 to 5,905.83.

In Asia, Hong Kong's HANG SENG INDEX (^HSI) closed at 24,280.56, up 240.22 points or 1.00 percent. It traded between 24,179.38 and 24,354.11, within a 52-week range of 22,518.00 to 28,056.10.

In mainland China, the SSE Composite Index (000001.SS) closed at 3,842.19, up 11.74 points or 0.31 percent, with volume of 2.801B. It traded between 3,833.09 and 3,851.22, within a 52-week range of 3,741.11 to 4,258.86.

In Japan, the Nikkei 225 (^N225) posted one of the day's strongest gains, closing at 70,683.98, up 737.12points or 1.05 percent. The index ranged from 69,813.16 to 70,798.62, against a 52-week range of 46,544.05 to 72,831.73.

Singapore's STI Index (^STI) on Tuesday ended at 5,701.54, up 37.21 points or 0.66 percent. The index's session low matched its close at 5,701.54, with a high of 5,701.54 recorded, against a 52-week range of 4,311.65 to 5,828.50.

In Australia, the S&P/ASX 200 [XJO] (^AXJO) closed at 8,735.70, up 49.30 points or 0.57 percent, trading between 8,686.40 and 8,753.00. Its 52-week range is 8,262.40 to 9,296.70. The broader ALL ORDINARIES [XAO] (^AORD) finished at 8,903.50, up 44.30 points or 0.50 percent, within a session range of 8,859.20 to 8,919.90 and a 52-week range of 8,454.90 to 9,474.80.

Across the Tasman, in New Zealand, the S&P/NZX 50 INDEX GROSS (^NZ50) edged up 1.10 points or 0.01 percent to 13,700.12, trading between 13,665.46 and 13,763.54, against a 52-week range of 12,689.78 to 14,069.22.

India's S&P BSE SENSEX (^BSESN) closed at 73,067.81 Tuesday, up 685.34 points or 0.95 percent. The index traded between 72,384.83 and 73,067.81, against a 52-week range of 71,292.88 to 86,159.02.

In Indonesia, the IDX COMPOSITE (^JKSE) gained 74.07 points or 1.21 percent to close at 6,192.93, after trading between 6,120.24 and 6,216.44. Its 52-week range is 5,317.91 to 9,174.47.

Malaysia's FTSE Bursa Malaysia KLCI (^KLSE) closed at 1,633.35, up 1.60 points or 0.10 percent, within a session range of 1,632.77 to 1,641.20 and a 52-week range of 1,597.68 to 1,771.25.

In South Korea, the KOSPI Composite Index (^KS11) was a notable decliner, falling 62.35 points or 0.89 percentto 6,941.39. Its 52-week range is 0.00 to 9,385.59.

Taiwan's TSEC CAPITALIZATION WEIGHTED ST (^TWII) closed at 49,822.55, up 110.51 points or 0.22 percent. The index traded between 49,479.69 and 49,968.92, matching its 52-week high of 49,968.92, with a 52-week low of 26,395.98.

In the Middle East on Tuesday, Israel's TA-125 (^TA125.TA) also finished lower, down 35.48 points or 0.87 percent at 4,028.10. Its session range was 4,028.10 to 4,081.45, within a 52-week range of 3,225.30 to 4,588.51.

In Egypt, the EGX 30 Price Return Index (^CASE30) closed at 53,298.10, down 255.30 points or 0.48 percent, with volume of 226.997M. The index traded between 53,168.00 and 53,708.70, matching both its 52-week low and high at 53,168.00 and 53,708.70, respectively.

In South Africa on Tuesday, the Top 40 USD Net TRI Index (^JN0U.JO) rose 91.08 points or 1.40 percent to 6,579.52, trading between 6,505.90 and 6,581.21, against a 52-week range of 6,105.70 to 8,184.71.

Overall, the session reflected a broadly positive tone across major global benchmarks, with European indices higher across the board and most Asia-Pacific markets posting gains, while South Korea's KOSPI and Israel's TA-125 were the notable exceptions.

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

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Monday 5 October 2026 | U.S. stocks close higher despite surging Treasury yields | Big News Network