U.S. equities extended gains at the open on Tuesday as technology stocks rebounded from the previous session’s decline, with investors awaiting Nvidia’s quarterly results and fresh inflation data that could influence Federal Reserve policy expectations.
The Dow Jones Industrial Average climbed 177.8 points, or 0.33%, to 53,594.92 at the opening bell. The S&P 500 added 23.8 points, or 0.31%, reaching 7,676.66, while the Nasdaq Composite surged 168.5 points, or 0.65%, to 26,148.71.
Technology shares led the advance after Monday’s broad-based selloff, which had pressured major tech and AI-linked stocks. The rebound follows a period of heightened volatility driven by uncertainty over interest rate trajectories and upcoming economic indicators.
Nvidia’s upcoming earnings report, scheduled for after the market close on Wednesday, remains a key catalyst for sentiment in the tech sector. Analysts expect the chipmaker to provide further insight into demand for AI infrastructure amid mixed signals from global semiconductor markets.
Investors are also eyeing U.S. inflation data due later this week, with the Personal Consumption Expenditures (PCE) price index release on Friday expected to shape expectations for Federal Reserve policy decisions. Recent comments from Fed officials have underscored the central bank’s data-dependent approach to rate adjustments, adding to market sensitivity around macroeconomic releases.
