Dow posts third straight day of gains

The Dow Jones Industrial Average on Tuesday rose more than 500 points, boosted by record retail and food services sales numbers, positive news about a possible coronavirus treatment and the potential of a Trump administration stimulus proposal.

The Dow's move marked the index's third-straight-day of gains, following Thursday's 1,800-point selloff.

Markets reacted Tuesday to news that retail and food services sales increased 17.7% in May, the largest monthly increase on record.

Trial results indicated that a drug called dexamethasone may be useful in treating very sick COVID-19 patients, according to CNBC. The outlet also noted that Bloomberg News reported that the Trump administration is working on an infrastructure proposal.