June 16, 2020 / 12:41 PM / a month ago

US STOCKS SNAPSHOT-Futures jump after record rise in monthly retail sales

June 16 (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 2.78%. S&P 500 e-minis were up 68.75 points, or 2.24% and Nasdaq 100 e-minis were up 171.25 points, or 1.75%.

Moments before the data, Dow e-minis were up 633 points, or 2.45%. S&P 500 e-minis were up 59.5 points, or 1.94% and Nasdaq 100 e-minis were up 155.25 points, or 1.58%. (Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)

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