Futures jump after record rise in monthly retail sales

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U.S. stock index futures jumped on Tuesday on hopes that aggressive fiscal and monetary stimulus would kick start an economy crushed by the ...

REUTERS: U.S. stock futures rose sharply on Tuesday after data showed a record jump in retail sales in May, far above expectations, as Americans resumed spending after weeks of lockdown, underscoring views that the worst of the coronavirus impact was over.

At 8:31 a.m. ET, Dow e-minis were up 718 points, or 2.78per cent. S&P 500 e-minis were up 68.75 points, or 2.24per cent and Nasdaq 100 e-minis were up 171.25 points, or 1.75per cent.Moments before the data, Dow e-minis were up 633 points, or 2.45per cent. S&P 500 e-minis were up 59.5 points, or 1.94per cent and Nasdaq 100 e-minis were up 155.25 points, or 1.58per cent.

Source: Financial Digest (financialdigest.net)

 

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