Market Watch: Earnings Season Heats Up

As the US stock markets opened on Tuesday, investors were greeted with a mix of caution and anticipation. A flurry of corporate earnings reports before the bell set the tone, with more significant announcements expected after the close. The focus was squarely on tech and consumer giants, whose performance could signal the broader economic trajectory.

Political Tensions Add to Market Jitters

Adding to the day's uncertainties, tensions between the Trump administration and Amazon escalated. White House spokeswoman Karoline Leavitt criticized Amazon's decision to display Trump-era tariff costs on its product pages, labeling the move as "hostile and political". This development has investors wary of potential repercussions on the market.

Stock Movements and Currency Fluctuations

By 9:30 am ET, the Dow Jones Industrial Average showed a modest gain of 0.12%, buoyed by a 3.51% jump in Honeywell International Inc. shares. Conversely, the S&P 500 and Nasdaq 100 experienced declines, with the latter affected by a significant 10.12% drop in Regeneron Pharmaceuticals Inc. Meanwhile, the euro slightly weakened against the dollar, trading at $1.14075.