New York: US stocks opened Tuesday with gains as hopes rose for the US to reach tariff deals with numerous countries. Investors appeared optimistic following recent developments, leading to a significant rally in the stock market.

According to Anadolu Agency, last Wednesday, US President Donald Trump announced the imposition of sweeping tariffs on over 180 countries, ranging from 10% to 50%. This move initially sparked concerns among investors, but recent communications from the President have provided a more hopeful outlook. Trump posted on social media Tuesday that he had a 'great call' with the acting president of South Korea, and that China 'also wants to make a deal badly.'

During a Monday press conference, Trump stated, 'There can be permanent tariffs and there can also be negotiations.' His remarks have fueled optimism that some of these tariffs might be mitigated through talks. Trump also mentioned his discussion with Japanese Prime Minister Shigeru Ishiba, revealing that Tokyo is sending a 'top team to negotiate' tariffs. He noted that 'tough but fair parameters' are being set and urged Japan to buy more American cars, agricultural products, and 'many other 'things'.'

Following these statements, the stock market rebounded after three consecutive days of losses. The Dow Jones Industrial Average gained 1,355.08 points, or 3.57%, reaching 39,320.68 as of 10.00 am EDT (1400GMT). Similarly, the SandP 500 rose by 182.8 points, or 3.64%, to 5,250.27, and the Nasdaq composite surged 631.46 points, or 4.03%, to 16,225.02.

The rally was particularly strong in the tech sector, with Meta Platforms and Nvidia both experiencing gains of about 5%. Additionally, Tesla's stock increased by over 6%, while Amazon and Netflix each saw gains exceeding 4%. The VIX volatility index, known as the "fear index," fell to 36.86, reflecting reduced market anxiety.