US equity indices retreated from record highs after Brent crude surged 3.8% and a mixed wave of corporate earnings triggered fresh market volatility.

The Australian sharemarket advanced on Tuesday as investors braced for a pivotal Reserve Bank monetary policy decision and weighed mixed corporate earnings.

Wall Street major indices retreated as traders digested corporate earnings reports and monitored developments surrounding potential US-Iran peace agreements.

Emcure Pharmaceuticals posts a 42% year-on-year increase in net profit for the first quarter, highlighting the latest corporate earnings updates.

Wall Street surged to new record highs as strong corporate earnings and falling crude prices outweighed ongoing geopolitical anxieties. Major indexes advanced despite warnings from executives over elevated valuations and artificial intelligence spending.

Wall Street equities rallied as news of potential talks regarding the Strait of Hormuz caused oil prices and Treasury yields to decline.

Intel surpassed revenue expectations in the second quarter as its AI-driven business units experienced significant growth, despite ongoing semiconductor supply chain bottlenecks.

US markets fell on Thursday as a selloff in semiconductor firms offset positive economic indicators and corporate results. Despite the Nasdaq's 1.47% drop, analysts noted that several non-tech sectors continue to perform well.

Major equity indexes finished in positive territory as a decline in the Producer Price Index signaled cooling inflation, shifting expectations for Federal Reserve policy.