Statistics released on Tuesday indicated a significantly larger-than-expected growth in the number of new buildings in the United States in the past month.
The number of homes that began construction in the United States in June increased by 6.3% from the previous month to 1.643 million at an annual rate, the country's Department of Commerce said. This is the highest figure for the last three months. Analysts' median forecast was for a 1.2% increase in the last month, according to surveys by Trading Economics and MarketWatch.
The Dow Jones Industrial Average by the close of trading rose by 549.95 points (1.62%) and amounted to 34511.99 points.
Standard & Poor's 500 gained 64.57 points (1.52%), rising to 4323.06 points.
The Nasdaq Composite rose 223.89 points (1.57%) to 14498.88 points.
A number of shares, which dropped significantly on Monday, rose steadily on Tuesday. United Airlines Holdings Inc. increased by 6.6%, Delta Air Lines Inc. rose 5.5%, American Airlines Group Inc. increased by 8.4%.
Royal Caribbean Group shares rose 7.7%, capitalization of Carnival Corp. increased by 7.5%.
On Tuesday, shares of major American banks also rose in price: JPMorgan Chase & Co. added 1.9%, Bank of America Corp. - 2.1%.
Halliburton Co. increased by 3.7%. The American oilfield services company returned to profitable levels in the second quarter, its size per share exceeded its forecast.
International Business Machines (IBM) shares rose 1.5%. The company increased its revenue in the second quarter of 2021 by 3% compared to the same period a year earlier. Revenue growth was recorded for the second quarter in a row, which encouraged investors, as the figure was falling in the previous four quarters. Over the past 34 quarters to the beginning of this year, IBM recorded a decline in revenue in annual terms 30 times, writes MarketWatch.
Nasdaq Inc. added 2.1% in price. The exchange plans to create a separate segment for its private equity market in partnership with a group of American banks, including Goldman Sachs Group Inc. and Morgan Stanley, writes The Wall Street Journal.
Comcast Corp. have risen in price by 0.8%. CEO Brian Roberts and Chairman of ViacomCBS Inc. Shari Redstone discussed the possibility of partnerships in the field of streaming in international markets, writes The Wall Street Journal, citing knowledgeable sources. ViacomCBS rose 2.3%.
