Wall Street, European shares rebound

The Dow and the S&P 500 rose on Tuesday after strong earnings and upbeat outlooks from big manufacturers like 3M Co, but Apple's slide ahead of its results drove the Nasdaq down.

Shares of Apple Inc, however, reversed course after the bell when the iPad maker reported quarterly revenue that handily beat Wall Street's estimates. Apple's stock jumped 6.9 percent to $599 in extended trading after closing at $560.28, down 2 percent.

The Dow Jones industrial average gained 74.39 points, or 0.58 percent, to close at 13,001.56. The Standard & Poor's 500 Index rose 5.03 points, or 0.37 percent, to 1,371.97. But the Nasdaq Composite Index slipped 8.85 points, or 0.30 percent, to 2,961.60.

European shares rebounded when bullish company earnings updates lifted some of the politics-driven gloom over equity markets.

The FTSEurofirst closed up 10.74 points, or 1.1 percent at 1,032.50, led by a bounce in some of the previous session's biggest fallers such as banks, after the index hit a three-month low on Monday when political uncertainty and disappointing economic data revived concerns over the euro zone.

Japan's Nikkei share average fell on Tuesday, weighed down by falling Asian indexes as political flux in Europe fanned fears of a widening euro zone debt crisis and investors were anxious ahead of a week of big financial events.

The Nikkei fell 0.8 percent to 9,468.04, while the broader Topix index lost 0.7 percent to 803.94.