(MENAFN- ProactiveInvestors) US shares soared Tuesday as technology stocks did well including .
At the time of writing the benchmark Dow is up an impressive 270 points to 17909 with the Nasdaq up 76 while the braod based S&P 500 gained 27 points and was a sea of green.
In London FTSE100 is also ahead by around 50 points with the biggest supermarkets making strong gains.
As earnings season kicks off proper computer giant was up 1.95% while online retailer Amazon also gained over 2% after the tech stocks rebounded from a two-day drop.
Aluminium giant also gained ground as its fourth quarter earnings impressed.
In focus stateside this week is more economic reports to pour over which should give more clues as to where the economy is heading.
These include retail sales manufacturing in the New York region and industrial production.
In London British gas owner () was the biggest gainer adding 4.61% after Morgan Stanley upgraded the stock to 'overweight' from 'neutral'.
But supermarkets were also ahead. Morrison () gained over 4%. The big news today from the fourth largest UK grocer was that Canadian boss Dalton Philips will leave after the year end results.
He was brought in five years ago to right the ship and the move comes after lacklustre Christmas trading figures with underlying sales falling 5.2% in the six weeks to January
Meanwhile new data from the UK showed consumer-price inflation in the UK slowed to just 0.5% last month due to the recent collapse in oil prices.
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