US equity markets opened in positive territory on Tuesday, extending a multi-day rally that has lifted major indices toward record levels.
The S&P 500 gained 0.4% in early trading, while the Nasdaq Composite advanced 0.7%, outpacing broader market gains as technology and growth stocks continued to attract investor interest.
The upward momentum follows a strong session on Monday, which saw broad-based gains across sectors.
Swedish financial media Dagbladets Industri (Di) noted that the leading US indices started the day with modest movements after Monday's widespread increases, highlighting a cautious but positive tone in Asian markets as well.
Defense stocks emerged as a standout sector, with two major defense companies posting sharp gains.
The strength in the defense complex suggests investors are rotating into sectors perceived as benefiting from sustained geopolitical tensions and increased government spending commitments.
The rally reflects growing confidence in the US economic outlook, with investors digesting recent data that has supported the case for a soft landing.
The Nasdaq's outperformance indicates that growth stocks remain favored, despite lingering concerns about interest rate trajectories.