Oil eased on Tuesday to hover above $77 a barrel, weighed down by a firmer greenback, but trade thinned ahead of the Thanksgiving holiday and weekly U.S. data that could show rising crude stocks in the world's top oil user.

Key Asian stock markets fell on Tuesday, with Tokyo losing 1 percent as selling gathered pace in the afternoon. Markets largely shrugged off the strong session on Wall Street which saw the Dow surging to 13-month highs overnight.

What follows is a roundup of corporate earnings reports for Tuesday, Nov. 24.

Analog Devices reported a quarterly profit that fell from a year ago but topped Wall Street's expectations, sending shares higher in extended trading.

Hewlett-Packard said a strong performance in China and improved profit margins in its services business helped drive quarterly earnings 14 percent higher.

Stocks snapped a three-day losing streak Monday after an encouraging report on existing-home sales and a pullback in the dollar.

Stocks rallied Monday after an encouraging report on existing-home sales and a pullback in the dollar.

Stocks opened higher Monday as the dollar pullled back and gold hit a new record above $1,170 an ounce. The Dow was up more than 100 points at the open and continued higher after a report showed a sharp jump in existing-home sales.

The asset-price rally is running out of momentum and will soon crack, which could lead to a 30 percent correction in oil and a 20 percent correction in stocks, Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC.com.

Tyson Foods posted higher-than-expected quarterly results on Monday on strength in its beef, pork and prepared foods businesses, which it expects to continue in its new fiscal year.

A holiday-shortened trading week begun with all signs pointing to a higher open for Wall Street on Monday, with the dollar weakening and gold hitting a new record high above $1,167 an ounce.

Shares of Activision Blizzard were inexpensive despite record sales of a video game and the company buying back nearly $300 million in stock in the third quarter, Barron's said on Sunday.

The dollar will continue its decline at a “gentle rate,” the Nikkei 225 should be avoided, and the food sector is well-placed to join the mining industry and move the markets, Robin Griffiths from Cazenove Capital told CNBC Monday.

Global stocks began the week in the green Monday, with gold prices hitting a new record high above $1,167 an ounce. Experts told CNBC risk aversion is coming back despite the rise in shares.