The major U.S. averages closed Tuesday's session in the green, stretching the market's winning streak.
The Dow Jones Industrial Average climbed 0.25%, or 64 points to 25,822, while the S&P 500 rose 0.21%, or 6 points to 2,863, and the Nasdaq gained 0.49%, or 38 points to 7,859.
Slack Tops $7 Billion Valuation
Slack's latest funding round has the messaging app company valued at about $7.1 billion the company said on Tuesday.
Slack said that it closed a $427 million funding round that makes it one of the most valued tech startups along with Uber and Pinterest.
"We pursued this additional investment to give us even more resources and flexibility to better serve our customers, evolve our business, and take advantage of the massive opportunity in front of us," the company said in a blog post.
To date, Slack has raised more than $1.26 billion in funding.
The Good Times Keep Rolling for Tilray, Stock Jumps on New Partnership
Tilray Inc. (TLRY) shares are smoking.
Tilray Canada, a wholly owned subsidiary of Tilray, announced that it has agreed to a partnership with Ontario Cannabis Retail Corp. to supply Ontario with "a diverse array of cannabis products" ahead of the launch of the adult marijuana use market on October 17, 2018.
Tilray and Ontario Cannabis will offer an array of products, including pre-rolled joints, a women's wellness brand that features sublingual drops and massage oil and CANACA -- high-end Canadian cannabis that is offered pre-rolled or whole-flower.
Canada's new cannabis rules legalize the drug in October for people 19 years and older. People will be able to use the drug in any private residence but not in any public places, workplaces or motorized vehicles.
Another major restriction is that unlike other municipalities in the United States, the Ontario Cannabis Store website will be the only legal option for purchasing recreational cannabis in the province.
Tilray shares are up 9% in market trading Tuesday.
Toll Brothers Has a Strong Quarter, Stock Pops
Shares of luxury home builder Toll Brothers (TOL) are up more than 8% Tuesday morning following the company's latest earnings release.
The company reported earnings and revenue that topped analysts' expectations while also offering guidance that helped lift the entire housing sector Tuesday.
Toll Brothers expects to deliver between 8,100 and 8,400 units for the full year, which would translate to revenue between $6.76 billion and $7.22 billion. Analysts are expecting the company to generate a little more than $7 billion in revenue.
U.S. futures are rising premarket Tuesday as markets look to build on the momentum from a strong session Monday when the Dow reached levels it hasn't seen since February.
Dow futures were rising 0.2%, indicating an open 48 points higher, while S&P futures were rising 0.17%, indicating an open 5 points higher, while Nasdaq futures were rising 0.25%, indicating an open 18 points higher.
Asian markets rose across the board, led by the Shanghai Composite, which gained 1.31%, while the Hang Seng gained 0.53%, and the Nikkei was rising 0.09%.
In Europe, the FTSE 100 was down 0.07%, the DAX was rising 0.64%, and the CAC 40 was gaining 0.76% with about four hours left in trading.