Mumbai, April 28 -- The Nasdaq jumped 216.90 points (1.3%) to 17,382.94 and the S&P 500 climbed 40.44 points (0.7%) to 5,525.21 while the narrower Dow inched up 20.10 points (0.1%) to 40,113.50.

University of Michigan released a report showing consumer sentiment in the U.S. deteriorated modestly less than previously estimated in the month of April. It's consumer sentiment index for April was upwardly revised to 52.2 from a preliminary reading of 50.8. Economists had expected the index to be unrevised. Despite the upward revision, the consumer sentiment index is still down sharply from 57 in March and marks its lowest level since hitting 51.5 in July 2022.

T-Mobile (TMUS) plummeted by 11.2% after the telecom company reported first quarte...