NEW YORK, Jan. 15 (Xinhua) -- U.S. stocks rallied on Tuesday amid solid gains in tech-related stocks.
The Dow Jones Industrial Average increased 155.75 points, or 0.65 percent, to 24,065.59. The S&P 500 was up 27.69 points, or 1.07 percent, to 2,610.30. The Nasdaq Composite Index jumped 117.92 points, or 1.71 percent, to 7,023.83.
Netflix stock closed 6.5 percent higher after the online streaming giant was reported to raise monthly subscription prices in the United States. Some of the price hikes were even up by as much as 18 percent, the biggest increase since its streaming service debuted in 2007.
Facebook, Apple, Amazon and Google-parent Alphabet all traded in upbeat and gained at least 2 percent at the close.
Nine of the 11 primary S&P 500 sectors increased, with technology up 1.5 percent, among the best performers.
On corporate earnings, J.P. Morgan Chase reported fourth-quarter profit and revenue that both fell short of estimates. Shares of the bank closed 0.7 percent higher after dipping more than 2 percent in early trading.
Bank of America, Goldman Sachs and Morgan Stanley are set to report earnings later this week.
By far, about 4.75 percent of S&P 500 companies have reported fourth-quarter earnings and of those companies, 87.5 percent have topped expectations, according to CNBC.
On the economic front, U.S. Producer Price Index for final demand fell 0.2 percent in December, as prices for final demand goods declined 0.4 percent, and the index for final demand services edged down 0.1 percent, the Department of Labor reported on Tuesday. The reading missed market consensus.
