Market Optimism Ahead of High-Stakes Summit

As the financial markets closed on Tuesday, a wave of optimism swept through Wall Street, driven by anticipation of the upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska on August 15. This sentiment was further bolstered by President Trump's announcement of a 90-day extension on the suspension of tariffs against China.

Significant Gains Across Major Indices

The Dow Jones Industrial Average saw a notable increase of 1.10%, with UnitedHealth Group Inc. leading the charge with a 3.65% rise. The Nasdaq 100 wasn't far behind, gaining 1.33%, thanks in part to a 7.26% surge by NXP Semiconductors NV. The S&P 500 also enjoyed a healthy advance of 1.14%, with United Airlines Holdings Inc. skyrocketing by 10.23%.

Euro Strengthens Against the Dollar

In early trading, the euro demonstrated strength against the dollar, climbing 0.51% to trade at $1.16747 by 3:59 am ET.