US markets advance after job openings touch 2-year high; NASDAQ soars 200 points, S&P500 jumps 0.3%

The US markets opened mixed on Tuesday ahead of a slew of economic indicators and on the last trading session of the quarter. The Dow Jones opened 120 points lower, and the S&P500 opened with marginal gains. Meanwhile, the tech-heavy NASDAQ 100 index opened 152 points higher, continuing the tech stocks led momentum. However, Dow Jones recouped all the losses to trade in green and NASDAQ advanced its gains after job openings data suggested resilient economic conditions in the US.

At 8:00 pm IST, the tech-heavy NASDAQ 100 index soared over 360 points or 1.2%, Dow Jones jumped 110 points or 0.2%, and the S&P500 rose 32 points or 0.4%.

The energy prices continued to remain lower as the geopolitical fears erased as the US and Iran engage in talks. The two nations will meet in Doha, Qatar to disscuss in the second range of talks on the peace deal.

Shares of world’s leading footwear brand, Nike, traded in red ahead of its quarterly earnings to be released today. The shares opened 0.6% lower to trade near $41.2 per share on the NYSE.

The AI hyperscaler stocks like NVIDIA jumped 1.4%, Micron traded flat 0.2% and AMD jumped 3%. Among the magnificent seven, shares of Microsoft, Meta, Alphabet traded in red. Meanwhile Apple shares rose 3% higher. Meanwhile shares of Microsoft are on the verge of posting one of the sharpest drop since dot.com burst, falling nearly 18% in June 2026.

Job openings at 2-year high

The US economy added higher than expected jobs for the month of may. The Job opening data suggests, the job openings in the US increased by 9000 to 7.59 million vs the market expectations of 7.30 million. The stronger job opening data, indicates resilience in the economy despite the elevated energy costs during the month.

Additionally, the consumer confidence data for the May month also increased to 91.2 vs 90.6 in the previous month. Both, the stronger than expected job openings data and increased consumer confidence, also abates the hopes for interest rate cut in the coming policy meetings.