U.S. consumer sentiment rises in early June

U.S. consumer sentiment perked up in early June as households responded to the reopening of businesses, which had been shuttered to slow the spread of COVID-19, and a rebound in hiring.

The University of Michigan said its consumer sentiment index increased to a reading of 78.9 from 72.3 in May. Economists polled had forecast the sentiment index would rise to 75 early this month.