Market Overview

Major US stock markets opened higher on Tuesday, fueled by optimistic first-quarter earnings reports and temporary exemptions from President Donald Trump's new electronics tariffs.

Banking Sector Leads the Charge

Bank of America shares jumped nearly 2% in premarket trading after surpassing earnings expectations. Similarly, Citigroup outperformed forecasts, driven by significant trading revenue. Despite Johnson & Johnson's better-than-expected results, its shares experienced a slight decline.

Index Performances

At 9:30 am ET, the Dow Jones increased by 0.15%, with the Goldman Sachs Group climbing 1.30%. The Nasdaq 100 added 0.21%, highlighted by a 2.28% rise in Netflix. The S&P 500 grew by 0.16%, and Bank of America surged 4.24%.

Currency Movements

In the currency markets, the euro fell by 0.36% against the dollar, trading at $1.13082 at 9:28 am ET.