American stock market finished trading with growth on Tuesday. Moreover, Nasdaq Composite growth was the highest since late August of last year, reported Bloomberg.
Standard & Poor's 500’s growth was the most significant in the past month, bringing the value of the indicator to a record since 6 January.
"It's a great rally, despite the fact that the overall situation has not changed", - said a senior stock analyst at Wells Fargo Investment Institute, Wren Scott.
The optimism of investors supports indications that the world economy remains fairly stable, as well as there is a recovery in the US industry.
Index of business activity in the manufacturing sector of the US (ISM Manufacturing) in February rose to its highest level since September and amounted to 49.5 points compared with 48.2 points a month earlier. Analysts had forecast an increase to only 48.5 points.
Nine out of ten sectors of S&P 500 groups rose on Tuesday, the leaders being the shares of financial and technology companies.
Dow Jones Industrial Average index on Tuesday rose by 348.58 points (2.11%), to 16865.08 points.
Standard & Poor's 500 trading results increased by 46.12 points (2.39%) and reached 1978.35 points. The decline of the indicator since the beginning of this year consists 3.2%.
Nasdaq Composite figures rose for the day by 131.64 points (2.89%), to 4689.59 points.
Quotes of Apple Inc (NASDAQ: AAPL) increased by 4%, Microsoft Corp (NASDAQ: MSFT) and Facebook Inc (NASDAQ: FB) shares rose no less than 2.7%.
The capitalization of Amazon.com (NASDAQ: AMZN) and Tiffany & Co retailers rose more than 4%.
The prices of bank shares also increased, including JPMorgan Chase & Co. – by 5.2%, Wells Fargo - by 3.8%, Bank of America (NYSE: BAC) and Citigroup (NYSE: C) – by no less than 5.3%.
There are good results in car sales in February, caused by a rise in the market value of Ford Motor Co (NYSE: F), up 4.6% (the highest daily rise since October 2012) and Fiat Chrysler, up7.2%, to a maximum of five weeks.
Shares of Honeywell Corp. rose 4.5%. The company abandoned plans to merge with United Technologies (NYSE: UTX) Corp. (UTC) rival due to the reluctance of the latter to participate in the negotiations. UTC Shares fell 1.6%.
At the same time, the oil company Marathon Oil Corp (NYSE: MRO) lost 3.1% of capitalization on news of the planned new share issue.