Follow all the latest U.S. market action for Tuesday here as stocks sit just shy of record highs despite turmoil in the Middle East and the Federal Reserve begins its two-day policy meeting.

The iconic Dow Jones is the worst-performing of the three major U.S. indexes this year; it is slightly in the red as of this writing. Microsoft (NASDAQ: MSFT) and Coca-Cola (NYSE: KO) are among those corporations on the Dow Jones that are breaking ranks (so to speak) with their Dow peers.

Stocks rallied on Monday on reports that Iran is seeking talk to end its war with Israel, easing fears that the conflict could spiral into a broader regional war.

Powered by positive gains for shares of Goldman Sachs and American Express, the Dow Jones Industrial Average is climbing Monday morning. Shares of Goldman Sachs and American Express are contributing to the index's intraday rally,

Oil prices leapt, and stocks fell on worries that escalating violence following Israel's attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.

Markets rebounded after Trump said his administration intends to send letters to US trade partners to formally establish new tariff terms.

Powered by positive growth for shares of American Express and Goldman Sachs, the Dow Jones Industrial Average is rallying Monday morning. Shares of American Express and Goldman Sachs are contributing around a third of the blue-chip gauge's intraday rally,

Stock futures rebounded slightly early Monday as the spike in oil prices due to the escalating conflict between Israel and Iran eased for a moment. Stock gains were muted as investors remained concerned about the rising geopolitical risk to the global economy.