Market Opens Higher on Strong Earnings Reports

Major U.S. stock indexes opened higher on Tuesday, buoyed by positive earnings reports from leading companies including Lockheed Martin Corporation, RTX Corp., and GE Aerospace. These results have injected optimism into the market, despite concerns over global economic growth forecasts.

IMF Revises Global Growth Estimates Downward

The International Monetary Fund (IMF) has adjusted its global growth forecast for 2025 to 2.8%, down from 3.3%, citing the impact of recent U.S. tariffs. Investors are also keenly awaiting Tesla Inc.'s quarterly figures, which are expected to shed light on the electric vehicle maker's performance amidst ongoing market volatility.

Key Indexes Show Significant Gains

The Dow Jones Industrial Average climbed by 1.03%, or 391 points, with 3M Company leading the charge with a 5.32% surge. Similarly, the Nasdaq 100 and S&P 500 posted gains of 1.07% and 0.98%, respectively, highlighting a broad-based market rally.

In currency markets, the euro weakened against the dollar, trading at $1.14653 by mid-morning.