Global Markets: Shares rebound, Treasury yields rise on stronger data

On Wall Street, the Dow Jones Industrial Average .DJI rose 1.28%, the S&P 500 .SPX gained 1.89% and the Nasdaq Composite .IXIC advanced 2.57%. Growth stocks .IGX rose 2.48% while value .IVX shares gained 1.60%. .N/C

NEW YORK:Global equity markets rallied and Treasury yields rose on Tuesday, as solid U.S. retail sales in April suggested economic growth might strengthen, as did an easing of China's lockdowns to contain the COVID-19 pandemic.

U.S. retail sales rose 0.9% last month while data for March was revised higher to show sales advancing 1.4% instead of 0.7% as previously reported, the Commerce Department said. Read full story