U.S. Stocks End Higher as Retail Sales Rebound

The Dow industrials rose more than 500 points, but off their highs for the day, on optimism around a rebound in consumer spending

U.S. stocks rallied Tuesday on fresh data showing consumer spending rebounded in May, the latest sign that the worst of the economic shock from the pandemic may have passed.

The S&P 500 gained roughly 1.9%, notching a third consecutive session of gains. The Dow Jones Industrial Average climbed about 2%. The Nasdaq Composite added about 1.8%.

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