US stock markets opened higher on Tuesday, with the Dow Jones and Nasdaq posting gains as investor sentiment shifted sharply from the caution that had dominated recent sessions.
The rally was fueled by comments from US Treasury Secretary Scott Bessent on CNBC, who indicated that progress on key economic measures could be announced as early as today or in the coming days.
His remarks helped alleviate concerns about persistent inflationary pressures that had previously weighed on equity valuations.
Crude oil prices retreated from recent peaks, easing the immediate cost-of-living worries that had contributed to the broader market sell-off.
The pullback in energy costs provided additional tailwinds for equities, particularly for sectors sensitive to input price volatility.
This move marks a reversal from the previous day, when global equity markets had extended their decline amid broad-based losses in the technology sector.