S&P 500, European shares end at record highs as markets digest earnings, tariffs

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York City

NEW YORK/LONDON: Global equity markets rose on Tuesday, with both the S&P 500 and European shares ending at record highs, as markets digested strong U.S. earnings, trade tariffs and a big European defence spending hike.

The benchmark S&P 500 squeaked past its previous record closing high at the top of a holiday-shortened week. All three Wall Street indexes wobbled between red and green for much of the session, but managed to rise in the closing minutes.