Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.

The S&P 500 rose 0.48%, tech-heavy Nasdaq Composite climbed 0.86%, and Dow Jones Industrial Average rose 0.2% in the early minutes of trade. Nvidia was among the early gainers, rising around 5%. The main Wall Street indices opened higher on Tuesday amid the release of US economic data.