Major stock market indexes in the United States opened higher on Tuesday after companies such as Lockheed Martin Corporation, RTX Corp., and GE Aerospace reported upbeat earnings results. Investors were left to digest the International Monetary Fund's (IMF) estimate that US President Donald Trump's recent tariffs will cause global economic growth to land at 2.8% rather than 3.3% and wait for Tesla Inc.'s newest quarterly numbers.
The Dow Jones Industrial Average increased by 1.03% or 391 points as 3M Company surged by 5.32%. The Nasdaq 100 gained 1.07% or 190 points, with MicroStrategy Inc. jumping by 3.08%. The S&P 500 rose by 0.98% as Pentair Inc. soared by 8.90%.
The euro lost 0.43% to the dollar at 9:28 am ET to sell for $1.14653.
