The US stock market jumped on Tuesday after oil


Moscow. January 27. Us stock indices ended the trading session on Tuesday strong growth due to good financial statements of several companies and the rise in oil prices and other raw materials, reported Bloomberg.

In addition, market participants are awaiting the outcome of the next meeting of the Federal reserve system of the USA, although not suggest any changes of interest rates in this year’s first meeting of the leadership of the Central Bank.

Oil and gas companies led the growth within the S&P 500, the index gained 3.8%, but still 7.8% lower than at the beginning of the year. The price of the securities of the Williams Companies Inc. increased by 11.5%, Chesapeake Energy Corp. – 8.1%, Dover Corp. – 5.7%, Chevron Corp. – 4%.

“Oil today is the main driving factor for risky assets,” said credit analyst Bank of America’s Hans Mikkelsen.

WTI crude oil closed higher on Tuesday by 3.7% and exceeded $31 per barrel.

Shares Of Procter & Gamble Co. advanced 2.4%. The world’s largest manufacturer of consumer goods reduced the revenue in October-December for the sixth consecutive quarter amid stronger dollar and lower demand for the company’s products. However, P&G reported net profit above market expectations by reducing costs.

The quotations of 3M Co. increased by 5.2%. Diversified Corporation which produces more than 55 thousand kinds of products, received in the fourth quarter adjusted profit and revenue above the analysts ‘ average forecast.

Capitalization Of Sprint Corp. jumped 18.7%, since the loss of the operator in the last quarter was lower than the expectations of experts.

The market value of Coach Inc. increased by 9.3% after the manufacturer of expensive handbags has improved the earnings Outlook for the current year.

Rate securities American International Group Inc. (AIG) rose 1% after the announcement of the insurer’s restructuring plans and selling of units.

The share price of Freeport-McMoRan Inc. soared 6.6% also due to the positive reporting for the fourth quarter.

The Dow Jones Industrial Average following the results of session on 26 January increased by 282,01 paragraph (1,78%) – to 16167,23 item.

The value of the Nasdaq Composite increased by 49,18 paragraph (1,09%) – to 4567,67 item.

Standard & Poor’s 500 rose by 26.55 per item (1,41%) – to 1903,63 item.