United States stock markets opened higher on Tuesday after a three-day weekend as indexes recover from last week's selloff. Kellogg jumped as much as 8% in premarket after news it will split into three companies, while Spirit Airlines Inc. gained over 9% following JetBlue's improved takeover offer.
Meanwhile, St. Louis Fed President James Bullard asserted the US economy is set to further expand this year. In data, the existing home sales report for May is due after the opening bell.
The Dow Jones soared 1.45% or 434 points at 9:30 am ET as American Express Co. jumped 4.86%. The Nasdaq 100 added 1.68%, led by Zscaler, which grew by 3.72%. The S&P 500 was up by 1.63%, with Kellogg Co. topping the list at 5.14%.
The euro traded 0.41% higher against the dollar and went for 1.05517 at 9:32 am ET.
