U.S. stocks opened higher on Tuesday as investors eyed latest efforts on easing coronavirus-tied lockdowns.
Shortly after the opening bell, the Dow Jones Industrial Average jumped 148.96 points, or 0.61 percent, to 24,370.96. The S&P 500 rose 15.47 points, or 0.53 percent, to 2,945.79.
The Nasdaq Composite Index increased 58.62 points, or 0.64 percent, to 9,250.96. The tech-heavy Nasdaq is on pace for its seven-day winning streak.
The moves came as more U.S. states outlined plans to relax shutdowns from the pandemic.
The U.S. state of New York will end its statewide closure on May 15 by reopening three regions where the COVID-19 pandemic has shown signs of mitigation, Governor Andrew Cuomo said on Monday.
Some low-risk businesses including landscaping and gardening, as well as recreational activities such as tennis will also resume on May 15, said the governor.
On the data front, U.S. Consumer Price Index (CPI) declined 0.8 percent in April, the largest monthly decline since December 2008, the U.S. Bureau of Labor Statistics reported Tuesday.
Another closely watched measure of inflation, the so-called core CPI which strips out food and energy, fell a record 0.4 percent last month, said the bureau. Enditem