Major stock indexes in the United States traded with strong gains at the open on Tuesday, as investors turned to the latest Consumer Price Index report, which showed that inflation in the country slowed for the eighth consecutive month. Meanwhile, the financial sector rebounded after registering significant losses a day prior, as the initial shock surrounding the Silicon Valley Bank seems to be slowly wearing off.
The Dow Jones jumped 1.05% or 328 points at the opening bell, as Goldman Sachs rose 2.70% simultaneously. The S&P 500 advanced 1.34% at 9:30 am ET, with Zions Bancorporation skyrocketing 14.41% a minute later. The Nasdaq 100 surged 1.33% at the open, with Enphase Energy up 3.47% at 9:31 am ET.
The euro stood flat against the dollar at 9:29 am ET, selling for 1.07301.
