Stocks Rise on Wall Street; Report Shows Strong Retail Sales | Business News

By DAMIAN J. TROISE, AP Business Writer

NEW YORK (AP) — Stocks rose in morning trading on Wall Street Tuesday as investors review an encouraging report on retail sales and a mixed batch of earnings updates from several big retailers.

The S&P 500 rose 1.2% as of 10:27 a.m. Eastern. The Dow Jones Industrial Average rose 237 points, or 0.7%, to 32,460 and the Nasdaq rose 1.6%.

The highly volatile technology sector led the gains. Apple rose 1.5% and Microsoft rose 1.2%. Pricey stock values for…

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