E-mini Nasdaq futures trading soared to new highs amid recent tech-stock volatility.
Global oil prices traded at the highest levels of the year Monday following a report that suggested a steep slump in OPEC production rates that followed a decline in U.S drilling installations last week and the start of sanctions on the sale of Venezuelan crude into the United States.
Rate increases are off the table for now, balance sheet normalization is on hold, and potentially the groundwork is laid for the next round of quantitative easing.
Gold bulls are focusing on Fed rhetoric and U.S.-China trade tensions.
Global oil prices turned higher Tuesday as investors reacted to a move by the U.S. State Department to sanction the sale of Venezuelan crude to the United States in an effort to pressure President Nicolas Maduro to cede power to rival Juan Guaidó, whom international observers deem the rightful winner of that country's disputed elections.