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Dow rallies 800 points after record retail sales jump, positive news on potential virus treatment


Tuesday, 16 June 2020 20:51 WIB

DOW JONESS & P 500saham A.S


Stocks surged on Tuesday as a record jump in retail sales -- coupled with positive trial results from a potential coronavirus treatment and hopes of more stimulus -- sent market sentiment soaring.

The Dow Jones Industrial Average traded 835 points higher, or 3.3%. The S&P 500 gained 2.8% while the Nasdaq Composite climbed 2.3%.

The U.S. government reported a record 17.7% increase in retail sales for May. Economists polled by Dow Jones expected a gain of 7.7%.

Source: CNBC


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