Market Optimism Fuels Record Gains

Investor optimism surged on Tuesday as major U.S. stock market indexes posted significant gains. This uptick was largely driven by encouraging earnings reports from industry giants including Lockheed Martin Corporation, RTX Corp., 3M Company, and GE Aerospace. These results suggested that the impact of President Donald Trump's tariffs on these businesses was less severe than previously feared.

Indexes on the Rise

By 10:48 am ET, the Dow Jones Industrial Average had climbed by 2.05%, or 780 points, while the Nasdaq 100 saw an even more dramatic increase of 2.30%, or 409 points. Not to be outdone, the S&P 500 also enjoyed a healthy jump of 1.97%.

Currency Movements

In related financial news, the euro experienced a slight decline against the dollar, dropping by 0.23% to $1.14868 by 10:49 am ET.