U.S. stocks opened mostly higher Tuesday, with gains led by the technology-heavy Nasdaq Composite, after a debt-ceiling deal was reached over the long holiday weekend honoring Memorial Day. The Nasdaq COMP, +0.61% was up 1.1% soon after the opening bell, while the S&P 500 SPX, +0.18% gained 0.5% and the Dow Jones Industrial Average DJIA, -0.31% traded down less than 0.
1%, according to FactSet data, at last check. Tech shares rallied last week amid investor enthusiasm tied to artificial intelligence, with the Nasdaq advancing a fifth straight week in its longest win streak since the stretch ending in early February, according to Dow Jones Market Data. Meanwhile, the debt-ceiling agreement between President Joe Biden and House Speaker Kevin still needs to pass Congress.
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5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day.
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Blockchain-Based Render Network's Token Tracks Tech Stocks as Broader Crypto Market Decouples$RNDR has gained over 6% this month amid the artificial intelligence narrative that has recently powered technology stocks higher. Reports godbole17.
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