Wall Street stocks resumed their upward climb on Tuesday after the previous day's stutter, as markets weighed expected additional interest rate cuts and favourable seasonal dynamics against valuation concerns.

After mixed sessions on Asian and European bourses, New York indices spent the day in positive territory, veering between modest and larger gains.

The broad-based S&P 500 ended up about 0.3 percent.

Investors were reassured by the retreat in Treasury bond yields that suggested less worry that shifting monetary policy in Japan would spark volatility.

"The early buying interest reflects more of the back-and-forth action of a market playing the seasonality game while remaining cognisant of stretched valuations and concentration risk," said Briefing.com analyst Patrick O'Hare.

He added investors were keeping an eye on the US Treasuries market, a day after a jump in yields on US government bonds contributed to losses in the stock market.

Bets on the US central bank easing monetary policy next week for a third successive meeting have been rising since several Fed decision-makers flagged concerns over labour market weakness.

While Tuesday's calendar was light on government economic data, the National Retail Federation released an upbeat appraisal of the "Black Friday" holiday shopping weekend, a critical period in the US festive season.

A record 202.9 million consumers shopped over the five-day stretch, topping estimates, according to the NRF, which said the turnout "reflects a highly engaged consumer who is focused on value, responds to compelling promotions, and seizes upon the opportunity to make the winter holidays special and meaningful."

Investors are awaiting Wednesday's monthly report on private-sector jobs, followed by the inflation figures for September on Friday.

Bayer surged more than 12 percent after the Trump administration backed the German agrochemical giant's latest legal strategy to limit liability connected to claims that a popular weedkiller causes cancer.

In a filing to the US Supreme Court, Trump's Solicitor General John Sauer argued in favour of Bayer's stance that a federal statute on pesticide labels pre-empts state laws requiring warnings on products that may be carcinogenic

Boeing jumped around 10 percent as Chief Financial Officer Jay Malave confirmed expectations that the company expects higher plane deliveries in 2026, a key component of a long-term plan to return to profitability and the generation of free cashflow.

The S&P 500 rose 0.3 percent, to 6,829. The Dow Jones Industrial Average added 0.4 percent, to 47,474, and the Nasdaq gained 0.6 percent, to 23,413. (AFP)