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## Market Update: US Stocks Continue Record-Setting Run

US stocks opened higher on Tuesday as markets aimed to continue a record-setting run that has been the talk of Wall Street in the first quarter of the year. The S&P 500 and Dow Jones Industrial Average both saw modest gains, with the tech-heavy Nasdaq Composite leading the charge with a nearly 0.4% increase.

### Economic Data and Wall Street Sentiment

After a brief pause in the rally on Monday, Wall Street remains optimistic about the future. Oppenheimer Asset Management strategist John Stoltzfus raised his 2024 S&P 500 price target to a Street-high of 5,500, further fueling the bullish sentiment among investors.

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### Company News and Economic Indicators

In other news, former President Donald Trump’s social media company made its Wall Street debut after merging with Digital World Acquisition Corp. Meanwhile, economic data on durable goods orders and US consumer confidence are providing insights into the state of the economy.

### Looking Ahead

All eyes are on Friday when the government will release the Personal Consumption Expenditures Price Index (PCE), a key indicator of inflation. This data, along with ongoing market trends, will continue to shape investor sentiment and market performance in the coming days.

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