U.S. stocks opened higher on Tuesday, with both the S&P 500 and Nasdaq Composite reaching fresh record highs as investors balance corporate earnings momentum with anticipation ahead of the Federal Reserve’s policy meeting.
At the open, the S&P 500 rose 15.8 points, or 0.25%, to 6,405.62. The Nasdaq Composite climbed 108.1 points, or 0.51%, to 21,286.73. The Dow Jones Industrial Average was little changed, dipping 3.8 points to 44,833.74.
Wall Street’s recent rally has been underpinned by strong corporate earnings, and investors are now turning their attention to upcoming reports from major tech firms for further signs of economic resilience. Attention also shifts to the Fed’s two-day meeting, where policymakers are expected to keep interest rates steady—but markets will be watching closely for any signals on future monetary policy direction.
With tech earnings in focus, traders are hopeful that guidance from key firms will provide insights into the broader health of the U.S. economy and help shape the next leg of the market’s advance.