One of the reasons the U.S. stock market’s sell-off in recent weeks has “so far been orderly,” with the epicenter remaining within tech, may be because of faith that the Fed can protect Wall Street, according to strategists at Barclays. If conditions were to deteriorate quickly, the Fed could cut rates to support the economy.

After two years of economic and stock market forecasts proving too conservative, the stock market is selling off as analysts rerate their overly optimistic stance headed into 2025.

Asian shares mostly rose Tuesday as investors were encouraged by another rally on Wall Street. Japan's benchmark Nikkei 225 gained 1.3% to 37,903.43. The Bank of Japan was expected to keep its benchmark interest rate unchanged at a monetary policy board meeting due to wrap up Wednesday.