U.S. stock prices rose in Tuesday's trading.

The Dow Jones Industrial Average was up 1.3 percent to close at 11,191. The S&P 500 gained 1.1 percent to end at 1,175 while the NASDAQ advanced 1.2 percent to finish at 2,547.

European stock prices closed sharply higher.

London's Financial Times index ended up 4 percent to close at 5,294. The CAC 40 in Paris finished up 5.7 percent to end at 3,023. The DAX index in Frankfurt advanced 5.3 percent to 5,628.

Earlier Tuesday, in Asia, Tokyo's Nikkei index jumped 2.8 percent to finish at 8,610. Hong Kong's Hang Seng index soared 4.2 percent to finish the day's trading at 18,131.

The price of gold rose more than $18 to trade at $1,645 an ounce.

The dollar is up against the yen, but down against the euro.