Major stock market indexes in the United States closed higher on Tuesday after United States President Donald Trump postponed the introduction of a 50% duty on the European Union's exports. Meanwhile, the country reported an improvement in consumer confidence in May.

The Dow Jones Industrial Average grew by 1.78% or 740 points as Nike Inc. jumped by 4.68%. The Nasdaq 100 went up by 2.39% or 499 points, with Applovin Corporation soaring by 7.51%. The S&P 500 rose by 2.05% or 118 points as Hologic Inc. skyrocketed by 14.54%.

The euro decreased by 0.51% against the dollar at 3:58 pm ET to sell for $1.13306.