US equity markets extended their recent rally on Tuesday, with the S&P 500 rising 0.6% and the Nasdaq Composite advancing 1.1%.
The broad-based advance was fueled by a continued rebound in technology shares, which helped offset lingering concerns over energy costs.
The equity strength came as crude oil prices retreated from recent highs.
Oil had climbed in previous sessions amid escalating geopolitical tensions, particularly regarding shipping risks in the Strait of Hormuz.
The pullback in energy prices provided some relief to investors, allowing risk appetite to return to broader markets.
This divergence highlights a shifting market regime.