Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla, and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth.
Ten of the 11 major S&P sector indexes advanced, with financials, materials, consumer discretionary, and technology all gaining more than 2 percent.
Investors were cheered by data showing U.S. retail sales increased 0.9 percent in April as consumers bought motor vehicles amid an improvement in supply and frequented restaurants.
Recently punished shares of Microsoft Corp., Apple Inc., Tesla Inc., and Amazon gained between 2 percent and 5.1 percent, driving the S&P 500 and the Nasdaq higher….
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