U.S. stock market indices ended the trading session with a significant increase thanks to strong corporate reporting and positive statistical data, although the rise observed during the session was somewhat reduced.

The Federal Reserve (Fed) reported that U.S. industrial production rose 0.4 percent in September from the previous month. Analysts polled by Trading Economics had forecast an average increase of 0.1%.

U.S. stock market indices – What’s going on?

Capacity usage rose to 80.3% last month from a revised 80.1% in August. Experts had forecast that the figure would remain at the previously indicated August level of 80%. Output in manufacturing rose 0.4% month-over-month, twice the forecast. On an annualized basis, manufacturing output rose 4.7% after climbing 3.5% in August.

Investor appetite for risk was also supported by events in the UK, where the new finance minister Jeremy Hunt, rejected much of the fiscal stimulus proposed by his predecessor Quazy Quarting in late September.

U.S. stock exchange indexes reacted positively to rumors that the Bank of England may delay the start of government bond sales, despite their denial by the regulator. However, investors’ main focus was on the beginning of the third-quarter corporate reporting season.

“Corporate reports are pulling all the attention and overshadowing recession fears. That said, recession fears have caused low expectations in the run-up to earnings releases, which makes it more likely that companies will outperform forecasts,” said City Index’s Fiona Cincotta.

Earlier, we reported that U.S. stock market indexes declined 1.3-3.1%.