The three major US stock indices rose on Tuesday, with the Dow soaring to a new historical high shortly after the market opened, climbing as high as 110 points to a new high of 42,234 points, currently up 71 points or 0.2% to 42,196 points. The S&P 500 index held steady; the Nasdaq rose by 22 points or 0.1%.

Due to expectations of a rate cut by the Federal Reserve, rate-sensitive sectors such as utilities and finance have been rising in recent weeks. Goldman Sachs (GS.US), JPMorgan (JPM.US) slightly up, and construction equipment stock Caterpillar (CAT.US) up over 3%.

After Beijing announced a series of measures to support economic growth, the mainland stock market rose, with China-related US stocks outperforming the broader market. The iShares China Large-Cap ETF (FXI.US) rose by over 6%. In individual stocks, JD.com (JD.US) soared 9% in US stocks; Alibaba (BABA.US), PDD Holdings (PDD.US) rose by 6%; Baidu (BIDU.US) rose by 4%. Bilibili (BILI.US) surged over 11%.