US open: Major indices climb to fresh highs as Treasury yields ease, energy prices fall
Major indices were in the green early on Tuesday, with the S&P 500 and Nasdaq Composite both rising to fresh intraday highs as both Treasury yields and oil prices headed south.
As of 1500 BST, the Dow Jones Industrial Average was up 0.61% at 51,579.03, while the S&P 500 advanced 0.58% to 7,818.92 and the Nasdaq Composite came out of the gate 0.57% firmer at 27,634.90.
The Dow opened 311.13 points higher on Tuesday, building on gains recorded in the previous session as falling oil prices offset concerns surrounding elevated Treasuries.
Tuesday's early moves, however, come as the benchmark 10‑year Treasury yield dipped around one basis point to 5.303%, after toucing its highest level since 2002 at the start of the week, while the short-dated 2-year note was half a basis point softer at 4.818%. The 30‑year note, however, was almost one basis points higher at 5.673%.
A pullback in oil prices also helped support equities, with international benchmark Brent crude down 2.12% at $98.19 a barrel, and West Texas Intermediate was 1.58% lower at $88.02 a barrel.
On the macro front, the US trade gap widened in August as imports jumped sharply, according to the Bureau of Economic Analysis, with tthe goods and services deficit increasing to $105.6bn, up from a revised $92.8bn in July, driven by a sizeable rise in goods imports. Imports climbed to $420.8bn, up $17.2bn on the month, with industrial supplies, crude oil, gold and capital goods all posting strong gains, while exports rose more modestly, up $4.5bn to $315.2bn, helped by higher shipments of industrial supplies and capital goods.
The goods deficit widened by $12.8bn to $136.6bn, while the services surplus was little changed at $31bn. Year‑to‑date, the overall deficit still remains narrower than in 2025, but August's jump highlights renewed pressure from stronger inbound demand and higher commodity‑related imports.
In the corporate space, Constellation Brands was slated to report its latest quarterly earnings after the close.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Procter & Gamble Co. (PG) $148.06 1.71%
Caterpillar Inc. (CAT) $863.33 1.55%
Cisco Systems Inc. (CSCO) $114.00 1.50%
Merck & Co. Inc. (MRK) $141.57 1.13%
Home Depot Inc. (HD) $283.78 0.72%
Goldman Sachs Group Inc. (GS) $900.48 0.66%
Microsoft Corp. (MSFT) $531.34 0.66%
International Business Machines Corporation (CDI) (IBM) $222.93 0.60%
Intel Corp. (INTC) $116.18 0.51%
American Express Co. (AXP) $305.51 0.44%
Dow Jones - Fallers
Dow Chemical Co. (DOW) $28.13 -1.54%
Apple Inc. (AAPL) $332.42 -0.91%
Nike Inc. (NKE) $33.69 -0.87%
Chevron Corp. (CVX) $205.31 -0.54%
Boeing Co. (BA) $191.09 -0.49%
Salesforce.Com Inc. (CRM) $228.72 -0.43%
Verizon Communications Inc. (VZ) $45.53 -0.38%
3M Co. (MMM) $163.05 -0.25%
Walt Disney Co. (DIS) $103.62 -0.17%
McDonald's Corp. (MCD) $232.19 -0.09%
S&P 500 - Risers
Illumina Inc. (ILMN) $307.72 11.04%
NRG Energy Inc. (NRG) $102.77 6.45%
Lamb Weston Holdings, Inc. (LW) $47.51 6.36%
Fortinet Inc. (FTNT) $190.27 5.82%
Borg Warner Inc. (BWA) $62.94 4.86%
Revvity, Inc. (RVTY) $163.74 4.79%
Mattel Inc. (MAT) $15.63 4.50%
Norwegian Cruise Line Holdings Ltd (NCLH) $15.54 4.40%
Carnival Corp. (CCL) $26.51 3.79%
Coty Inc. Class A (COTY) $2.83 3.72%
S&P 500 - Fallers
Coterra Energy Inc. (CTRA) $32.56 -8.62%
Seagate Technology Plc (STX) $834.35 -7.15%
Western Digital Corp. (WDC) $417.80 -6.18%
Equity Residential (EQR) $63.66 -3.50%
Lam Research Corp. (LRCX) $339.14 -2.70%
Huntington Ingalls Inds Inc Wi (HII) $260.43 -2.69%
Nektar Therapeutics (NKTR) $41.59 -2.50%
Ross Stores Inc. (ROST) $225.62 -2.43%
QUALCOMM Inc. (QCOM) $180.14 -2.35%
CenturyLink Inc. (LUMN) $5.62 -2.26%
Nasdaq 100 - Risers
Illumina Inc. (ILMN) $307.72 11.04%
Mercadolibre Inc. (MELI) $1,846.33 4.28%
Intuitive Surgical Inc. (ISRG) $406.23 3.53%
Tesla Inc (TSLA) $380.12 3.43%
Paypal Holdings Inc (PYPL) $54.29 3.20%
Broadcom Inc. (AVGO) $369.56 3.19%
Charter Communications Inc. (CHTR) $111.09 2.67%
Hasbro Inc (HAS) $92.22 2.63%
Booking Holdings Inc. (BKNG) $159.00 2.40%
Nvidia Corp. (NVDA) $241.75 2.32%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $0.34 -13.49%
Seagate Technology Plc (STX) $835.34 -7.15%
Western Digital Corp. (WDC) $418.36 -6.27%
Lam Research Corp. (LRCX) $339.44 -2.70%
Ross Stores Inc. (ROST) $225.85 -2.43%
QUALCOMM Inc. (QCOM) $179.96 -2.35%
Incyte Corp. (INCY) $113.64 -1.77%
Vodafone Group Plc ADS (VOD) $16.50 -1.75%
Synopsys Inc. (SNPS) $493.90 -1.59%
Applied Materials Inc. (AMAT) $534.08 -1.41%