US equity markets opened higher on Tuesday, reversing a multi-day decline as investors reacted to cooler-than-expected inflation data for June.
The softer price pressure provided immediate relief to risk assets, helping to stabilize sentiment after a period of volatility.
The positive macro backdrop was not enough to lift all sectors, however.
The software and technology groups underperformed the broader market after IBM issued a profit warning for the second quarter.
The tech giant’s cautionary guidance weighed heavily on peer valuations, creating a divergence between the macro-driven rally and sector-specific headwinds.
The rebound in US stocks follows a shift in market dynamics, with earlier declines driven by a mix of geopolitical concerns and earnings uncertainty.