The Dow Jones Industrials leaped 209.65 points to open Tuesday at 35,165.54
The S&P 500 moved upward 16.24 points to 4,591.76.
The NASDAQ Composite showed gains of 74.07 points to 14,428.97.
Auto stocks were some of the biggest gainers in morning trading, with Ford and GM each rising more than 5%. In tech, Netflix and Snap added more than 2%.
In corporate news, shares of FedEx rose more than 3% after the company announced that founder Fred Smith would step down as CEO on June 1 and be replaced internally.
Health care giant UnitedHealth Group announced a deal to buy LHC Group for $170 per share, sending the smaller company’s stock up 7%.
The conference board’s consumer confidence index came in at 107.2, below the 107.5 expected, according to Dow Jones. The U.S. Job
Openings and Labor Turnover Survey showed 11.3 million job openings, higher than the 11.1 million expected.
In the Russia-Ukraine conflict, to be sure, both sides have said in recent days they are not close to reaching a deal. Ahead of the negotiations in Turkey, Ukrainian Foreign Minister Dmytro Kuleba said on that “nothing is agreed upon unless everything is agreed upon.”
U.S. Secretary of State Antony Blinken said Tuesday the U.S. was focused on Russia’s actions more than its words.
Treasury prices popped, lowering yields to 2.40% from Monday’s 2.46%. Treasury prices and yields move in opposite directions.
Oil prices $4.90 to $101.06 U.S. a barrel.
Gold prices tumbled $30.20 to $1,914.50 U.S. an ounce.