Major US stock indices rose significantly on Tuesday, which was due to the fading concerns about the increased tensions in US trade after Chinese President Xi Jinping promised to cut import tariffs.

Investors also estimated higher than expected data on producer prices for March. As the report of the US Department of Labor showed, the producer price index (CPI) in March grew by 0.3% over the previous month, adjusted for seasonal fluctuations. Without taking into account volatile prices for food and energy, prices in March rose by 0.3% compared to the previous month. Economists had expected that the overall index in March rose by 0.1%, while the base index increased by 0.2%. Compared to the same period of the previous year, the overall index rose in March by 3%, and the index excluding food and energy carriers - by 2.7% against the forecasted + 2.9% and + 2.6%, respectively.

Quotes of oil jumped by about 3.7% on Tuesday, on the way to the largest two-day rally in almost a month, as investors became more confident that a brewing trade dispute between the US and China could be resolved without damage to the global economy.

Almost all components of the DOW index finished trading in positive territory (29 out of 30). The leader of growth was the shares of The Boeing Company (BA, + 3.76%). Outsider were the shares of NIKE, Inc. (NKE, -0.28%).

Almost all sectors of S & P recorded a rise. The commodity sector grew most (+ 3.0%). The decrease was shown only by the utilities sector (-0.4%).

At closing:

Dow 24,407.86 +428.76 +1.79%

S&P 500 2,656.85 +43.69 +1.67%

Nasdaq 100 7,094.30 +143.96 +2.07%