Major stock market indexes in the United States opened higher on Tuesday in a reversal of fortune following the previous day's losses after Uber Technologies Inc. and Caterpillar Inc. reported upbeat second-quarter financial results. Meanwhile, the country posted a monthly decline in the nation's trade deficit.

The Dow Jones Industrial Average advanced by 0.15% as Microsoft Corporation gained 1.34% at 9:31 am ET. The Nasdaq 100 rose by 0.37%, with Cadence Design Systems Inc. soaring by 4.28%. The S&P 500 increased by 0.35% as Kenvue Inc. jumped by 10.94% at 9:31 am ET.

The euro lost 0.31% to the dollar at 9:29 am ET to sell for $1.09186.