• The Dow Jones Industrial Average .DJI closed up 89.99 points, or 0.43 percent, to 20,894.83, the S&P 500 .SPX gained 12.29 points, or 0.52 percent, to 2,394.02 and the Nasdaq Composite .IXIC added 49.92 points, or 0.82 percent, to 6,133.62.
U.S. stocks rose on Monday, boosted by technology shares and by defense companies, which gained after the United States and Saudi Arabia signed a multi-billion dollar arms deal.
• Trump visited Saudi Arabia over the weekend and sealed $110 billion in deals. Riyadh will buy U.S. arms to help it counter Iran, with options running as high as $350 billion over 10 years.
• Asian markets traded sideways on Tuesday, after major indexes on Wall Street closed in the green and on headlines out of the U.K. of a deadly explosion at a concert venue in Manchester.
The safe-haven yen climbed after news of the bombing. The dollar was fetching as little as 110.84 yen down from around 111.34 yen earlier. At 8:05 a.m. HK/SIN, the dollar was fetching 111.00 yen.
• Meanwhile, U.S. President Trump arrived in Tel Aviv, Israel to meet with the Israeli Prime Minister Benjamin Netanyahu. Trump spent the weekend in Saudi Arabia where a $350 billion arms deal between the two countries was signed.
• The Nikkei 225 dipped 0.05 percent in early Tuesday trade while the ASX 200 traded 0.07 percent higher . South Korea's benchmark Kospi index was up by 0.05 percent.
Reference: Reuters, CNBC
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