Dow Jones opens the week above 26,000

US stock indices opened the first session of the week at fresh record highs for Dow Jones, S&P 500, and NASDAQ, after closing on Monday for the Martin Luther King holiday, as the earnings season for major American banks and corporations starts positively. 

Earlier US data showed the Empire State Manufacturing Index dipped to 17.7 in January from 18, missing expectations of 18.5. 

Otherwise, White House economic adviser Gary Kohen said recently that the stock market is not too high right now, and the tax cuts have begun to have an impact on the economy, with wages rising and optimism improving. 

Last month, President Donald Trump singed into law the $1.5 trillion tax reform bill, which cuts the corporate tax rate from 35% to 21%, while also signing a stopgap government spending bill to prevent a government shutdown, in turn underpinning Wall Street to successive record highs. 

As of 03:24 GMT, Standard and Poor's 500 rose 0.60%, or 16.59 points to 2,802. while Dow Jones added 0.96%, or 248.57 points to 26,051.76. 

Tech-heavy NASDAQ muscled up 0.78%, or 56.40 points to 7,317.46.