FX.co ★ The US stock market rose on Tuesday amid enthusiasm, with the Dow Jones breaking December 2022 highs at 34,940.

When the curtain fell on the New York Stock Exchange trading, the Dow Jones index stood out among others, soaring by 1.06% and setting a new record for the past 52 weeks. The S&P 500 index also pleased investors by rising 0.71%, while the NASDAQ Composite index added 0.76% to its value.

Today's trading stood out with the impressive growth of Microsoft Corporation (NASDAQ: MSFT) stocks, which confidently rose by 13.76 points (3.98%), closing the day at 359.49. UnitedHealth Group Incorporated (NYSE: UNH) also showed a significant leap, improving by 15.92 points (3.29%) and settling at 500.00. Goldman Sachs Group Inc (NYSE: GS) shares didn't go unnoticed either, boldly rising by 10.07 points (3.08%) and closing at 337.27.

Although some may consider these data not optimistic enough for the economy, there is another equally interesting interpretation of events. Such a surge indicates a gradual decline in economic activity, which, in turn, suggests that the US Federal Reserve may not be forced to resort to drastic measures to combat high inflation. And this, in turn, can have a positive impact on the Dow Jones index, as lower interest rates reduce borrowing and refinancing costs for many companies, which is considered favorable for stocks in the context of high inflation.

The June picture of retail sales in the US turned out to be somewhat disappointing, not meeting analysts' expectations. Forecasts predicted an increase in key indicators by 0.5% compared to the previous month, but the actual growth was only 0.2%. The same can be said for retail sales excluding automobiles, which increased by only 0.2%, while growth of 0.3% was expected.

Among the stocks that showed a decline, the drop in the price of Honeywell International Inc (NASDAQ: HON) shares by 2.92 points (1.40%) made an impression, with their value settling at 205.25. In contrast, Visa Inc Class A (NYSE: V) shares demonstrated growth of 3.22 points (1.32%) and closed at 240.77, while Coca-Cola Co (NYSE: KO) shares decreased by 0.24 points (0.39%) and ended the trading session at 60.57.

Among the components of the S&P 500 index that showed growth, the rise of Charles Schwab Corp (NYSE: SCHW) shares was particularly notable, increasing by 12.57% and reaching 66.01. Caesars Entertainment Corporation (NASDAQ: CZR) also saw an increase of 7.39%, closing at 56.35, and Morgan Stanley (NYSE: MS) shares rose by 6.45% and finished the session at 91.94.

Among the stocks that showed a decline, Extra Space Storage Inc (NYSE: EXR) can be highlighted, with its price falling by 3.88% and closing at 150.35. It's also worth noting the decrease in the quotes of Charles River Laboratories (NYSE: CRL) by 3.82%, finishing the session at 201.34, and SolarEdge Technologies Inc (NASDAQ: SEDG) shares, which lost 3.41% and reached 274.16.

Today's trading on the NASDAQ Composite index attracts attention with the significant movements of stocks. Several companies managed to show impressive growth. icad inc (NASDAQ: ICAD) shares soared by 74.27%, impressing with their rise to 3.59. Evelo Biosciences Inc (NASDAQ: EVLO) also pleased investors, adding 61.69% and closing at 5.74, while Biophytis (NASDAQ: BPTS) shares increased by 40.72%, ending the session at 3.11.

However, not all stocks experienced such growth, and some faced declines. The most significant decline should be noted for 9 Meters Biopharma Inc (NASDAQ: NMTR) shares, which decreased by 68.65% and ended trading at 0.19. Fangdd Network Group Ltd (NASDAQ: DUO) shares also lost 47.06% and closed at 0.21. Utime Ltd (NASDAQ: UTME) quotes decreased by 39.89%, reaching 0.58.

It's important to note that some major financial companies also showed growth. Bank of America shares rose by 3.6% as a result of growth in net profit and revenue in the second quarter. Morgan Stanley's stocks increased by 5.6% in price, surpassing market expectations for earnings per share and revenue. Bank of New York Mellon shares also demonstrated a price growth of 2.6% as the bank's earnings per share and revenue in the second quarter exceeded expectations.

The internal statistics of retail sales and industrial production in the US also draw interest. In June, retail sales volume in the country increased by 0.2% compared to May, although the market expected a more significant growth of 0.5%. These data attract traders' attention and can influence the market's further direction.

Industrial production in June unexpectedly fell below forecast, contracting by 0.5% compared to the previous month, while stable dynamics were anticipated. The capacity utilization rate also declined to 78.9% compared to a revised May figure of 79.4%, despite a projected level of 79.5%.

On the New York Stock Exchange, there is a dominance of rising stocks (2,123) over declining ones (861), while 83 stocks remained nearly unchanged. On the NASDAQ exchange, shares of 2,130 companies increased, 1,406 decreased, and 129 stocks remained at the previous closing level.

The CBOE Volatility Index, which reflects options trading on the S&P 500 index, decreased by 1.34% and reached 13.30.

In the futures market, gold futures with delivery in August continue to rise, adding 1.33% or $25.95, reaching $1,000 per troy ounce. WTI crude oil futures with delivery in September also rose by 2.07% or $1.53, reaching $75.61 per barrel. Brent crude oil futures with delivery in September showed a growth of 1.49% or $1.17, reaching $79.67 per barrel.

In the Forex market, the EUR/USD pair remained almost unchanged, showing a slight increase of 0.03% and reaching 1.12. Meanwhile, the USD/JPY quotes increased by 0.12%, reaching 138.88. The USD index futures also demonstrated a growth of 0.09%, reaching 99.62.