U.S. stocks jumped more than 1 percent on Tuesday, led by energy shares as oil prices extended their recent rally, while higher-than-expected January car sales also bolstered the advance.
Merger activity also helped, with shares of Office Depot jumping 21.6 percent to $9.28 after the Wall Street Journal reported the retailer was in advanced talks to merge with Staples Inc Staples shares gained 10.9 percent to $19.01.
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