US Markets Open Higher Amid Positive Earnings Reports

On Tuesday, major US stock markets opened higher, fueled by optimistic first-quarter earnings reports and temporary exemptions from President Donald Trump's new electronics tariffs. This positive momentum highlights the resilience of the US economy amidst global trade tensions.

Banking Giants Lead the Charge

Bank of America shares surged nearly 2% in premarket trading after surpassing earnings expectations. Similarly, Citigroup outperformed forecasts, driven by robust trading revenue. Despite Johnson & Johnson reporting better-than-expected results, its shares experienced a slight dip.

Market Indices Show Consistent Growth

By 9:30 am ET, the Dow Jones had climbed 0.15%, with Goldman Sachs Group leading the pack with a 1.30% increase. The Nasdaq 100 and S&P 500 also saw gains of 0.21% and 0.16% respectively, with Netflix and Bank of America making notable advances of 2.28% and 4.24%.

Currency Markets Reflect Mixed Sentiments

In the currency markets, the euro declined by 0.36% against the dollar, trading at $1.13082 at 9:28 am ET, indicating a cautious approach from investors amidst the ongoing earnings season.