Wall Street stocks shrugged off early weakness Tuesday and joined European bourses in rising on continued hopes the Federal Reserve will cut interest rates next month.

The prospect for further interest rate easing helped offset lingering worries about whether artificial intelligence equities are overvalued while a trove of mixed US economic reports included some worrying signs that analysts said likely strengthened the Fed's case for cutting rates.

The market is rallying as "the chances of a December cut (...) have moved higher," said Angelo Kourkafas, adding that softness in some of the reports "helps reinforce the fact that the Fed will be moving" towards a rate cut.

All three US indices advanced, led by the blue-chip Dow index, which climbed 1.4 percent.

Earlier, London, Paris and F

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