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Europe's rally in banking and defence stocks extended into Tokyo, where shares in Mitsubishi Heavy Industries popped 3% to trade near record highs. The focus is on Ukraine and expectations that Europe will ramp up defence spending in the event of any peace deal. U.S. President Donald Trump has arranged bilateral peace talks with Russia, scheduled to begin later on Tuesday in Saudi Arabia.

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Wall Street is flirting with a record again as U.S. stock indexes drift on Tuesday. The S&P 500 was virtually unchanged in morning trading and just below its all-time closing high set last month. Entergy jumped 6.2% and helped lead the market.

European shares opened lower Tuesday, while Chinese technology stocks surged after Chinese President Xi Jinping met with entrepreneurs this week in what is seen as a show of support to the technology industry. Hong Kong's Hang Seng rose 1.59% to 22,976.81, while the Shanghai Composite was down 0.93% to 3,324.49. Japan's Nikkei 225 was up 0.25% to 39,270.40 after Japan's economic growth for the fourth quarter beat forecasts.

Intel shares will remain on investors’ radar screens after a report over the weekend said that Broadcom and Taiwan Semiconductor Manufacturing Co. are considering bids for parts of the company. Monitor these key chart levels.

Warren Buffett's Berkshire Hathaway reduced its Bank of America stake to less than 9% and pared bets on Citigroup and Capital One last quarter.

Building materials manufacturer UFP Industries (NASDAQ:UFPI) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 4.1% year on year to $1.46 billion. Its GAAP profit of $1.12 per share was 9.3% below analysts’ consensus estimates.