By the end of the deals Dow Jones Industrial Average index gained 112,08 points or 1,18% and closed at 9599,75 points. As a result, the index stopped its 4-day falling. Standard & Poor\'s 500 advanced by 15,24 points or by 1,49% to 1040,45 points, interrupting its 4-session decline as well as Dow index. Nasdaq Composite rose by 20,04 points or by 0,98% to 2068,15 points.
On Monday, concerns regarding the economy eased slightly due to higher non-production index growth than it was expected in September. Apart from this, the investors were correcting their positions prior to the financial reports season which is to start this week. The season will be opened by Alcoa company.
The stock market was also supported by the fact that Goldman Sachs analysts raised the rating of major banks sector to «attractive» from «neutral». Consequently, Wells Fargo shares ticked up by 1,81 dollars or by 6,9% to 28,09 dollars, JPMorgan Chase shares — by 1,94 dollars or by 4,6% to 43,80 dollars, Capital One Financial shares — by 2,74 dollars or by 8,3% to 35,93 dollars.
Aside from the financial institutions shares also major energy and manufacturing companies showed an upturn. Caterpillar shares increased by 1,92 dollars or by 3,9% to 50,75 dollars, that was mostly caused by the company\'s announcement about that in the next January it will mark up the prices for the most part of its construction equipment by 2%.
Regards,
Analyst: Vladimir Donin
