New Delhi, Feb. 10 -- Wall Street's key stock benchmarks extended gains on Tuesday after a sharp rally in the previous session, as a weaker-than-estimated retail sales report reinforced the case for the Federal Reserve to reduce interest rates this year.
At the open, the Dow Jones Industrial Average rose 57.6 points, or 0.11%, to 50193.49. The S&P 500 rose 9.7 points, or 0.14%, to 6974.49, while the Nasdaq Composite rose 32.6 points, or 0.14%, to 23271.224.
Treasuries climbed following the weaker-than-estimated retail sales data. The yield on 10-year Treasuries fell 4 basis points to 4.16%.
Published by HT Digital Content Services with permission from MINT....
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