U.S. Stocks Open Higher as Retail Sales Rebound

U.S. stocks jumped Tuesday, as fresh data showed consumer spending rebounded in May after states began easing lockdown restrictions.

In early New York trading, the S&P 500 rose 2.7%, suggesting the broad U.S. share benchmark may rise for a third consecutive trading session. The Dow Jones Industrial Average added 837 points, or 3.2%, while the Nasdaq Composite Index advanced 2.3%. The pan-continental Stoxx Europe 600 advanced 3.3%.

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