Wall Street stocks rose on Tuesday, shrugging off early weakness while embracing President Trump's moves to delay tariffs on Canada and Mexico and taking in stride China's retaliation to US levies.

Beijing said it was imposing levies on imports of US energy, vehicles and equipment after Trump's 10 percent tariffs came into effect.

Art Hogan of B Riley Wealth said markets were taking a "wait and see" view of Trump's trade policy, while regarding earnings as "a positive tailwind."

The Dow Jones gained 0.3 percent to 44,556.

The S&P 500 gained 0.7 percent to 6,037, while the Nasdaq jumped 1.4 percent to 19,654.

Hogan pointed to a more than 20 percent surge in Palantir Technologies that helped boost the Nasdaq.

The technology company scored a 36 percent jump in revenues based on artificial intelligence growth as its CEO described Palantir as a "software juggernaut."

Estee Lauder slumped 16.1 percent after announcing plans to cut between 5,800 and 7,000 jobs through the end of 2026 as part of a corporate reorganisation.

PepsiCo dropped 4.5 percent as it reported flat quarterly sales while the soda and snacks giant works to address "subdued" demand in North America and faces "business disruptions due to geopolitical tensions in certain international markets," as CEO Ramon Laguarta said in a news release. (AFP)