US stocks rose on Tuesday, erasing much of the previous session’s steep drop, as a strong December retail sales reading eased concerns that economic growth might be slowing.
The Dow Jones industrial average rose 115.92 points or 0.71 percent, to 16,373.86, the S&P 500 gained 19.68 points or 1.08 percent, to 1,838.88, and the Nasdaq Composite added 69.71 points, or 1.69 percent, to 4,183.01.
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