Yesterday index S&P 500 reached the highest level in more than five months, Reuters informs. Index Dow Jones has been growing for five trading sessions amid oprimistic reports on corporations' earnings, which stimulate rise of industrial and financial shares. 

Industrial index of S&P 500 gained 1,1% and became a leader among sectors of the index due to high earnings of railroad company CSX Corp and ariline United Continental. Transport index of Dow Jones grew by 2,3%.

Despite of the fact that reporting season has just started, its perpective are very bright.

S&P 500's earnings growth in the second quarter is expected at 21,4%. Out of 48 companies that already reported results, 87,5% exceeded forecasts of analytics.

Dow Jones Industrial Average gained 0,32% to 25199,29, S&P 500 - 0,22% to 2815,62, Nasdaq Composite fell by 0,01% to 7854,44.

Data showed that US real estate market is a weak spot in the economy. Sector demonstrated 12,3% decline in June, since homebuilders experienced problems with higher lumber prices, as well as with labor and land shortages. 

Market value of Amazon.com briefly touched $900 billion for the first time in a history. 

Berkshire Hathaway shares gained 5,3% and stimulated growth of financial sector. Morgan Stanley shares rose 2,8%, after investment bank showed earnings higher than was expected.

Alphabet (Google) fell after EU anti-trust regulators fined company with records amount of $5 billion.