Major stock markets in the United States opened mostly higher on Tuesday amid the escalation of tensions between Ukraine and Russia and the release of new economic data. US officials have hinted that the government will intensify sanctions, though the Russian military operation is not labeled a terrorist. Also putting pressure on stocks, the yield on the benchmark 10-year Treasury climbed above 2.9%, a level not seen since 2018.
On the economic front, before the opening bell, Halliburton, Johnson and Johnson, and Lockheed Martin unveiled their reports for the year's first quarter. It was also known that Blackstone Inc. settled to buy American Campus Communities Inc.'s (ACC) in a transaction valued at about $12.8 billion.
The Dow Jones gained 0.27% at 9:31 am ET. Johnson & Johnson was leading the gains, improving by 2.25%. The Nasdaq 100 fell 0.09%, with Pinduoduo down by 2.92%. The S&P 500 rose 0.15%, with Citizens Financial Group Inc jumping 8.44%. The euro improved by 0.09% against the dollar at 9:29 am ET, selling for $1.07924.
