US stock indexes climbed to fresh record highs on Tuesday as investors awaited a packed week of corporate earnings, the start of the Federal Reserves policy meeting, and renewed trade discussions between Washington and Beijing.

Several major tech companies including Alphabet, Amazon, Apple, Meta, and Microsoft are set to report earnings this week, which could provide further direction for the market.

The Federal Reserves two-day meeting begins later today, with a rate decision expected on Wednesday. Markets broadly anticipate a 25-basis-point rate cut, marking the second consecutive reduction this year.

As of 16:08 GMT, the Dow Jones Industrial Average rose 0.5% (256 points) to 47,800, the SP 500 gained 0.1% (9 points) to 6,884, and the Nasdaq Composite advanced 0.4% (85 points) to 23,718.