NEW YORK, New York - U.S.

stocks surged into record territory on Tuesday, despite the country registering its worst trade deficit since President Trump launched his flurry of tariffs, which have disrupted trade worldwide.

The trade deficit surged to $105.6 billion on the back of a 4.3 per cent rise in imports for August; analysts had forecast $102 billion.

Bond yields remained elevated Tuesday but did not extend the 24-year highs reached on Monday.

Concerns, however, remain about whether yields have run their course or whether more carnage lies ahead.

"The bond market is sending a more important signal right now than the stock market.

The Fed controls the short end, but it has far less control over the long end," David Miller, CIO at Catalyst Funds told CNBC Tuesday.

The 30-year Treasury last traded at a yield of 5.653 percent, while the 10-year note was trading hands at a yield of 5.281 percent.

The UK's 30-year Gilt was quoted at 5.934 percent.

The Standard and Poor's 500 (^GSPC) closed at 7,818.97 Tuesday, up 45.02 points or 0.58 percent, on volume of 2.596B.

The index traded between a low of 7,805.96 and a high of 7,844.52 on the day, matching its 52-week high of 7,844.52, against a 52-week low of 6,316.91.

The Dow Jones Industrial Average (^DJI) finished at 51,521.22, adding 253.32 points or 0.49 percent, on volume of 393.378M.

The blue-chip index ranged from 51,422.90 to 51,672.25 during the session, within a 52-week range of 45,057.28 to 54,744.33.

The NASDAQ Composite (^IXIC) closed at 27,599.79, up 122.48 points or 0.45 percent, on volume of 6.771B.

The tech-heavy index moved between 27,592.56 and 27,722.75, matching its 52-week high of 27,722.75, with a 52-week low of 20,690.25.

Tuesday's session delivered broad-based gains, with the S&P 500 and NASDAQ Composite both touching their 52-week highs during the day, while the Dow also closed firmly higher.

Dollar Mixed Tuesday: Greenback Gains Ground on Yen and Swiss Franc, but Slips Against Euro, Pound, Aussie and Loonie The U.S.

dollar was stronger against the Japanese yen and the Swiss franc on Tuesday, but lost ground to the euro, the British pound, the Australian dollar and the Canadian dollar, according to the latest foreign exchange market quotes.

The euro rose against the dollar, with EUR-USD trading at 1.1258, a gain of 0.31 percent for the single currency.

The dollar advanced versus the Japanese yen, with USD-JPY at 158.1600, up 0.16 percent.

The British pound strengthened against the greenback, with GBP-USD at 1.3275, up 0.40 percent.

The Australian dollar also gained, with AUD-USD at 0.6984, up 0.17 percent.

dollar firmed against the Canadian dollar, with USD-CAD at 1.4214, a rise of 0.32 percent for the greenback.

The dollar was also stronger against the Swiss franc, with USD-CHF at 0.8315, up 0.12 percent.

Tuesday's moves painted a mixed picture for the greenback, which found support against the yen, franc and loonie but ceded ground to the euro, sterling and the Aussie dollar.

Global Markets Close Mostly Higher Tuesday as Canadian, UK, European and Asian Indices Advance; KOSPI and TA-125 Slip World stock markets finished mostly higher on Tuesday, with broad gains across Canada, the UK, Europe and the Asia-Pacific, though a pair of indices bucked the trend.

In Canada, the S&P/TSX Composite index closed at 35,649.51, up 130.96 points or 0.37 percent, on volume of 269.824M.

The index traded between 35,542.48 and 35,755.26, against a 52-week range of 29,530.90 to 37,069.10.

In London, the FTSE 100 (^FTSE) closed at 10,541.69, up 43.75 points, a gain of 0.42 percent.

The index moved between....