Major US stock indexes rose significantly on Tuesday, as hopes for further incentives for a slowing Chinese economy and a surge in Netflix shares helped investors offset the disappointing earnings from JPMorgan and Wells Fargo.

The US data was also in focus. As the report of the Ministry of Labor showed, the producer price index for final demand fell by 0.2% in December after rising by 0.1% in November. This led to an annual increase in producer price index in December by 2.5%. Economists predicted that industrial inflation will decline by 0.1% over the month and increase by 2.5% on an annualized basis. At the same time, the basic producer price index fell in December by 0.1% after rising by 0.3% in November. In annual terms, the baseline value of industrial inflation increased by 2.7%, as in November.

Quotes of oil jumped by about 3% against the background of OPEC and Russia reduced production, as well as signs of a decline in US oil reserves. The number of US rigs looking for new oil fell slightly to 873, in early 2019, and a Reuters survey found that US crude stocks probably declined last week.

Most of the components of DOW finished trading in positive territory (24 out of 30). The growth leader was UnitedHealth Group Incorporated (UNH, + 3.31%). Outsiders were 3M Company (MMM, -1.71%).

Almost all sectors of the S & P recorded an increase. The largest growth was shown by the health sector (+ 1.5%). Only the industrial goods sector decreased (-0.3%)

At the time of closing:

Dow 24,065.59 +155.75 +0.65%

S & P 500 2,610.30 +27.69 +1.07%

Nasdaq 100 7,023.83 +117.92 +1.71%