Stocks higher at the open, on track for second day of gains

Stocks higher at the open, on track for second day of gains U.S. stocks jumped at the open Tuesday, buoyed by continued optimism over a COVID-19 vaccine and positive economic news from China. The Dow Jones Industrial Average DJIA, +0.00% rose about 187 points or 0.7%, to start trading near 28,180, while the S&P 500 SPX, +0.52% was near 3,412, up 28 points or 0.8%. The tech-heavy Nasdaq Composite Index COMP, +1.20% jumped 1.2%, 128 points, to open near 11,186. China’s National Bureau of Statistics said retail sales were higher compared to a year ago in August, returning to annual growth for the first time in 2020. Meanwhile, shares of drugmaker BioNTech SE BNTX, -0.83% were higher Tuesday after it announced funding from the German government for the accelerated development of a coronvirus vaccine, extending a string of promising vaccine news over the past few days. Investors were also watching for new product news from Apple Inc. AAPL, +0.16%. Shares were 2.6% higher after the bell.

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