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News that ahead of a lifted market sentiment. That also helped ease volatility in oil prices.

South Korea's market was closed Tuesday for a holiday and on reopening gained 6.5% to 7,384.56.

Shares mostly rose in other Asian markets, though Tokyo trading was closed for a holiday.

Australia’s S&P/ASX 200 gained 1.3% to 8,793.60. Hong Kong’s Hang Seng gained 1.1% to 26,160.64, while the Shanghai Composite index rose 1.2% to 4,160.17.

In energy trading, benchmark U.S. crude slipped $3.39 to $98.88 a barrel. Brent crude, the international standard, lost $3.13 to $106.74 a barrel, extending declines that erased The prices still remain well above their roughly $70 price before the .

A is in effect, U.S. military leaders say, although uncertainties clearly remain. The U.S. military is trying to force open a path in the , which would allow oil tankers to resume shipments from the Persian Gulf.

The S&P 500 climbed 0.8% to top its prior set at the end of last week, closing at 7,259.22. The Dow Jones Industrial Average added 0.7% to 49,298.25, and the tech-heavy Nasdaq composite set its own record, rallying 1% to 25,326.13.

Reports on the U.S. economy came in mixed. One said growth for U.S. services businesses unexpectedly slowed last month, with some companies saying the war is hurting spending. A separate report said U.S. employers were advertising slightly more job openings at the end of March than economists expected, an encouraging signal for the job market.

In currency trading, the U.S. dollar inched down to 156.21 Japanese yen from 157.89 yen. The euro cost $1.1739, up from $1.1693.