Wall Street's Positive Start

On Tuesday, the US stock market witnessed a significant uptick right from the opening bell, with the Dow Jones Industrial Average climbing 200 points. This surge came as investors analyzed the latest producer inflation data, which showed a 3.3% annual increase in December 2024, slightly below what analysts had predicted.

Market Movements

At the opening, the Dow Jones was up by 0.42%, or 177 points, with Nvidia seeing a 1.88% increase by 9:31 am ET. By 9:45 am ET, the index had further risen to 0.51%, or 204 points. The Nasdaq 100 also enjoyed a positive start, increasing by 0.58%, with MicroStrategy leading the charge with a 4.91% jump by 9:32 am ET. Similarly, the S&P 500 opened with a 0.49% gain, buoyed by United Rentals' impressive 5.52% surge at the same time.

Currency Exchange

In currency news, the euro was trading 0.51% higher against the dollar at 9:29 am ET, with the exchange rate standing at 1.02688.