U.S. stock markets advanced on Tuesday, with the S&P 500 achieving its strongest quarterly performance in six years as investors continued to process the latest economic data.

The S&P 500 closed 0.8% higher in New York, while the technology-heavy Nasdaq 100 Index climbed 1.7%.

Both major indices recorded their best quarterly showings since 2020.

The Philadelphia Semiconductor Index surged 3.9%, also marking its best quarterly performance on record.

Investor attention was on U.S. economic data released Tuesday, which included figures showing a slight increase in U.S. job openings for May, indicating sustained labor demand consistent with the recent trend of rebounding employment growth.

The "frozen state of the job market, characterized by low hiring and low layoffs, is beginning to thaw," stated Bill Adams, Chief U.S. Economist at Fifth Third Commercial Bank.

He believes that if job growth remains steady in the second half of the year, the unemployment rate will decline, which would further boost consumer confidence.

U.S. consumer confidence saw a modest rebound in June, as falling gasoline prices offset consumer concerns about the labor market.

Iran has not yet confirmed specific arrangements for a new round of negotiations and reiterated its determination to maintain control over navigation in the Strait of Hormuz.

Call center operator Concentrix Corp. saw its shares plummet 11% after lowering its full-year performance outlook.

Defense contractor AeroVironment Inc. reported better-than-expected fourth-quarter results, leading to a 19% surge in its share price.

At the close, the S&P 500 was up 0.8% at 7,499.36 points.

The Dow Jones Industrial Average rose 0.3% to 52,319.2 points.

The Nasdaq Composite Index gained 1.5% to 26,213.72 points.

The Nasdaq 100 Index increased 1.7% to 30,276.35 points.

The Russell 2000 Index advanced 0.5% to 3,024.366 points.