Wall Street opened higher on Tuesday as stocks are about to extend their positive start through weekday.
summary
- The S&P 500 and Nasdaq have changed a bit, but Dow Jones Industry Average added 90 points as the stock appears to bounce back higher.
- Revenue, tariffs and interest rates remain important factors across the market.
The S&P 500 added 0.1% and the Nasdaq composite was edging as the major US indexes wanted bounce. Meanwhile, the Dow Jones industrial average added around 90 points to extend the notable rebounds seen on Monday.
The shares were seen in a fierce sale last week, and Friday’s session was confused amid declining employment data, fresh tariff concerns and the firing of President Donald Trump’s Director of Labor Statistics.
Cryptocurrency remains at a major support and resistance level when stocks target new rally. Meanwhile, the Treasury Ministry gave a higher yield in 2010 as the market digested the latest developments on tariffs. New data on the corporate revenue and services sector is also focused.
You might like it too: Coinbase’s Eye rises $20 billion in private market after weak second quarter printing
Corporate profits
Wall Street benefited from a major revenue report led by positive results from top tech companies. Friday’s dip appears to undermine emotions before the market bounces back on Monday, and investors may be hoping for more strength as the revenue season recovers again.
Palantir shares rose 6% after the Defense Technology Company’s revenue report showed revenues exceeded $1 billion. Investors want the same for AMD, Libian, McDonald’s and Disney. McDonald’s and Disney will report on Tuesday’s AMD and Rivian report.
Customs, Fed
In addition to revenue, tariff headlines remain a major factor in sentiment. The stock has remained largely resilient since its initial negative reaction in April, but ongoing development continues to affect market outlook.
Meanwhile, Trump told CNBC in an interview that he narrowed down the list of potential Federal Reserve Chair candidates to four. However, Treasury Secretary Scott Bescent is not among the candidates.
Fed Chairman Jerome Powell, which ended in May 2026, faces sharp criticism of the central bank’s interest rate policy.
You might like it too: Treasury Secretary Bescent says us in the golden age of crypto