U.S. stocks rose on Tuesday after strong economic data including retail sales, while Apple boosted the Nasdaq after billionaire investor Carl Icahn revealed a long position in the stock.
Rising U.S. retail sales in July, combined with a higher ZEW German sentiment index and euro zone industrial production, painted a rosier picture of the global economy. The data pushed U.S. Treasury yields higher and homebuilder stocks fell in anticipation of higher mortgage rates.
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