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U.S. stock markets opened on a firm note on Tuesday, with key indices extending their upward momentum following positive economic signals and continued investor optimism.
The Dow Jones Industrial Average opened at 42,865.87, rising 1.00%, while the S&P 500 gained 0.2% at the open. The NASDAQ 100 also started higher, up 0.3%, reflecting a broad-based positive sentiment across major sectors.
Tesla shares jumped 2.6%, notching up gains for the fourth consecutive session, driven by growing investor confidence in the company’s delivery outlook and AI initiatives.
SailPoint Technologies was the standout performer at the open, with shares soaring 18%, marking a record intraday jump, possibly on the back of strong earnings or deal-related speculation.
On the downside, Gitlab shares plunged 14% at the opening bell — its sharpest fall since March 2024 — amid concerns likely tied to disappointing quarterly results or guidance.
The overall positive start comes amid cooling U.S. inflation data, which has raised hopes of a more dovish stance from the Federal Reserve in upcoming policy meetings.