Dow rallies nearly 300 points higher Tuesday morning as coronavirus cases fall to lowest in over year

U.S. stock benchmarks rose Tuesday morning as Wall Street returned from a three-day holiday weekend to start a new month on a positive note with the economy reopening as coronavirus cases decline to the lowest in over a year though inflation is rising. The Dow Jones Industrial Avearge [ : DJIA] rose 288 points, or 0.8%, at 34,818, the S&P 500
SPX,
+0.10%
gained 0.6% to 4,231, and the Nasdaq Composite Index
COMP,
-0.22%
climbed 0.5% to 13,817. Shares of hares of Cloudera Inc.
CLDR,
+23.68%
were in focus after the data management and analytics software company disclosed a deal to be acquired for $16 a share in cash by funds advised by Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P.
KKR,
+1.04%.