Starbucks Corporation is trading 2.3% up at $12,770, driven by its joint venture Tata Starbucks' announcement of plans to open 50-100 new stores annually in India. The stock is also benefiting from a broad market recovery, with the S&P 500 and Nasdaq gaining over 1%. This follows a previous day's drop linked to a hawkish stance from the Federal Reserve and reports of Starbucks Korea's impending store closures due to a marketing controversy.