Wall Street jumps as battered energy shares rise, lockdowns ease

US stock indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased coronavirus-induced restrictions in an attempt to revive their economies.

Some hard-hit countries, including Italy, as well as a handful of U.S. states are tentatively easing stay-at-home orders this week, raising hopes for a recovery in oil demand.

All the major S&P 500 sub-indexes were trading higher, led by a 3.6% advance in the energy sector, but the index is still the top loser across sectors with a 35% decline this year.