Market Opens with Caution Amid Earnings Reports

Major US stock markets opened cautiously on Tuesday, as investors weighed a flood of corporate earnings released ahead of the bell. With more significant reports expected after the close, all eyes are on the results from major tech and consumer firms for clues about the broader economic momentum.

Trump Administration Clashes with Amazon

Tensions between the Trump administration and Amazon escalated as White House spokeswoman Karoline Leavitt criticized Amazon's decision to highlight Trump-era tariff costs on product pages, labeling the move as "hostile and political." This development adds another layer of complexity to the market's opening dynamics.

Stock Performance at a Glance

At 9:30 am ET, the Dow Jones Industrial Average index saw a modest increase of 0.12%, or 50 points, buoyed by a 3.51% jump in Honeywell International Inc. shares. However, the S&P 500 and Nasdaq 100 weren't as fortunate, dropping 0.36% and 0.57% respectively, with Regeneron Pharmaceuticals Inc. leading the downturn with a sharp 10.12% fall. Meanwhile, the euro dipped slightly against the dollar, trading 0.13% lower at $1.14075 by 9:29 am ET.