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• The U.S. dollar index reversed course on Tuesday, erasing most of the gains it made earlier in the session as Wall Street came off its lows in choppy trading a day after the Dow and S&P 500 stock indexes posted their biggest declines since August 2011.

The dollar index against a basket of six major currencies stood at 89.646, nudged away from a two-week peak of 90.034 set overnight.

The euro inched up 0.05 percent to $1.2383 after slipping to a two-week low of $1.2314 the previous day. The dollar was a shade higher at 109.590 yen after rising 0.5 percent overnight. It had gone to as low as 108.460 the previous day during wild swings in global equities.

• U.S. government debt yields fell Tuesday afternoon as U.S. stocks struggled to hold onto gains in volatile trading.

• The yield on the benchmark 10-year Treasury note fell to 2.756 percent at 2:39 p.m. ET, while the yield on the 30-year Treasury bond was higher at 3.031 percent. Bond yields move inversely to prices.

• The U.S. House of Representatives on Tuesday passed legislation to avoid government agency shutdowns at the end of this week by extending funding for most federal programs until March 23.

By a vote of 245-182, the House passed the bill that would also provide increased military funding through Sept. 30, the end of the current fiscal year.

The Senate still must consider the measure before Thursday’s deadline.

• A U.S. House of Representatives committee voted unanimously on Monday to approve the release of a classified document that Democrats say will rebut a contentious Republican memo alleging FBI bias against President Donald Trump.

The vote will send the 10-page Democratic memo to the White House as soon as Monday night, giving Trump until Friday to decide whether to allow its release.

If he declines, after approving the release of the Republican memo despite strong objections by the Federal Bureau of Investigation, it could set up an angry dispute pitting the White House and many of Trump’s fellow Republicans in Congress against Democrats, law enforcement and intelligence agencies.

• Monday’s rout on Wall Street frayed investors’ nerves, but it is not enough to knock the Federal Reserve off course from its intended path to further raise interest rates in 2018 as the economy continues to hum along, analysts say.

• Oil fell for a third day on Tuesday as the U.S. dollar rose to its highest in more than a week in the wake of a sharp sell-off early this week on Wall Street and other stock markets.

Brent crude futures LCOc1 for April delivery settled down 76 cents, or 1.12 percent at $66.86 a barrel, after touching a session low of $66.53, the weakest since Jan. 2.

U.S. West Texas Intermediate futures CLc1 for March delivery dipped 76 cents, or 1.18 percent, to settle at $63.39 a barrel, the lowest since Jan. 22.

The crude market remains in positive territory for the year however, even after Wall Street stocks on Monday posted their largest one-day fall since late 2011.

Reference: Reuters, CNBC