June 16, 2020 / 1:36 PM / 25 days ago

US STOCKS SNAPSHOT-Wall St surges at open on record rise in May retail sales

June 16 (Reuters) - U.S. stocks jumped at the open on Tuesday after a record rise in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted by data showing reduced COVID-19 death rates in a trial of a generic steroid drug.

The Dow Jones Industrial Average rose 563.52 points, or 2.19%, at the open to 26,326.68. The S&P 500 opened higher by 64.41 points, or 2.10%, at 3,131.00, while the Nasdaq Composite gained 223.76 points, or 2.30%, to 9,949.78 at the opening bell. (Reporting by Devik Jain in Bengaluru; Editing by Arun Koyyur)

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