US Markets Open Higher Amid Positive Earnings Reports

Major US stock markets experienced an upward trend at the opening on Tuesday, driven by encouraging first-quarter earnings reports and temporary exemptions from President Donald Trump's new electronics tariffs.

Banking Giants Lead the Charge

Bank of America shares climbed nearly 2% in premarket trading after surpassing earnings expectations. Similarly, Citigroup outperformed forecasts, attributed to its significant trading revenue. Despite posting better-than-expected results, Johnson & Johnson saw a slight dip in its shares.

Market Indices Show Positive Momentum

By 9:30 am ET, the Dow Jones had gained 0.15%, with The Goldman Sachs Group up by 1.30%. The Nasdaq 100 added 0.21%, and Netflix improved by 2.28%. The S&P 500 rose 0.16%, and Bank of America surged 4.24%.

Currency Markets React

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