US Markets Show Strength Amid Positive Corporate Earnings

US markets opened mostly higher on Tuesday, buoyed by a series of positive corporate earnings reports and an optimistic global economic outlook. Leading the charge, Boeing reported a staggering 35% increase in revenue, reaching $22.75 billion. Similarly, PayPal announced a 5% rise in net revenues, while Spotify enjoyed an 11% growth in monthly active users. Despite a slight dip in sales, Merck remained a key player in the pharmaceutical sector.

IMF Boosts Global Growth Expectations

Adding to the market's upward momentum, the International Monetary Fund (IMF) revised its 2025 global growth forecast upwards from 2.8% to 3%, signaling stronger confidence in the world economy's recovery trajectory.

Market Indices and Currency Movements

At the opening bell, the Dow Jones Industrial Average remained flat, while the S&P 500 and Nasdaq 100 saw gains of 0.28% and 0.57%, respectively. Notable performers included Cornings Inc. and Cadence Design Systems Inc., which advanced significantly. Meanwhile, the euro experienced a slight decline against the dollar, trading at $1.15273.