Wall Street pares gains as U.S. consumer confidence plunges in AprilWall Street pares gains as U.S. consumer confidence plunges in April
The spread of the coronavirus disease (COVID-19) in New York

(Reuters) – Wall Street’s main indexes pared gains in early trading on Tuesday, as data showed U.S. consumer confidence tumbled in April as coronavirus-driven lockdowns sharply disrupted economic activity and left millions of Americans unemployed.

The Conference Board said on Tuesday its consumer confidence index dropped to a reading of 86.9 this month from a downwardly revised 118.8 in March.

At 10:05 a.m. ET the Dow Jones Industrial Average was up 214.75 points, or 0.89%, at 24,348.53, the S&P 500 was up 23.90 points, or 0.83%, at 2,902.38 and the Nasdaq Composite was up 26.10 points, or 0.30%, at 8,756.27.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Anil D’Silva)