All major indices managed to finish with modest gains at the end of the day.
The Dow Jones was ahead by more than 700 points, while the Nasdaq Composite's gains approached four percent at one point.
The U.S. dollar was the biggest loser Tuesday ahead of the Federal Reserve'sFederal Reserve's upcoming decision on interest rates.
The Consumer Price Index for November came in at 7.1 percent, against expectations of 7.3 percent, a slight improvement.
The tech-laden Nasdaq Composite rose 113.08 points or 1.01 percent to 11,256 at the finish. The Standard and Poor's 500 rose 29.09 points or 0.73 percent to 4,019. While the inputs of inflation coming into the Fed meeting are modestly better, we still don't know if the Feds are going to raise by 50 basis points if they're going to raise their terminal rate. Art Hogan, chief market strategist at B. Riley Wealth told CNBC Tuesday that they had shifted their gears into a mode of wait and see for the Fed meeting tomorrow.
On foreign exchange markets, sellers swamped the U.S. dollar. The British pound was up to 1.2363 by the New York close Tuesday. The euro was at 1.0630 at the beginning of the day. The Japanese yen was solid at 135.62. The Australian dollar rose to 0.6854. The New Zealand dollar climbed to 0.6463. The Canadian dollar was up to 1.3540.
In London, the FTSE 100 went up 0.76 percent. The German Dax went up to 1.34 percent. The Paris-based CAC 40 climbed 1.42 percent.
After wholesale selling, the stocks in Asia made a lot of gains.
In Japan, the Nikkei 225 advanced 112.52 points or 0.40 percent to 27,954. The Australian All Ordinaries gained 18.60 points or 0.25 percent to 7,389. The Jakarta Composite increased by 75.86 points or 1.13 percent to 6,810 in Indonesia. New Zealand's S&P NZX 50 climbed 94.97 points or 0.83 percent to 11,601. In South Korea, the Kospi Composite was flat, down 0.62 percent of a point or 0.03 percent to 2,372. The Shanghai Composite slipped 2.72 points or 0.09 percent to 3,176, against the trend.