US Inflation and Nvidia's Announcement Boost Market Sentiment

Wall Street's major stock exchanges opened higher on Tuesday, with the Nasdaq 100 and S&P 500 leading the gains. This uptick follows the latest consumer inflation report, which showed a rise to 2.7%, marking the highest level since February. Analysts suggest that President Donald Trump's tariffs are beginning to influence the American economy.

Nvidia's Pre-Market Surge

Nvidia's shares climbed over 4% in pre-market trading after the company announced plans to resume sales of its H20 AI chips in China "soon." This news has reignited investor interest in the tech sector, contributing to the positive market opening.

Market Performance Overview

The Dow Jones remained flat at the opening bell, while the Nasdaq 100 added 0.77%, or 172 points, buoyed by The Trade Desk Inc.'s 11.30% surge. Similarly, the S&P 500 saw a 0.47% increase, with Advanced Micro Devices Inc. gaining 7.25%.

At 9:29 am ET, the euro was trading flat against the dollar at 1.16661.