U.S. stock indexes rose at the close of trading on Tuesday, with investor attention focused on inflation data and the start of a new earnings season in the United States.

Consumer prices (the CPI index) in the country increased by 3.5% year-on-year in June, the Labor Department reported on Tuesday. Thus, inflation slowed sharply compared with 4.2% a month earlier, when the indicator was at its highest since April 2023.

Analysts surveyed by Trading Economics had expected a more moderate easing of inflation, to 3.8%.

On a month-on-month basis, prices fell by 0.4% for the first time since May 2020.

These data reduce the likelihood of a Federal Reserve interest rate hike this year.

JPMorgan Chase & Co.'s market value rose 2.5% by the close of trading, Bank of America Corp. gained 1.9%, Goldman Sachs Group surged 9%, while Citigroup Inc. and Wells Fargo fell 5.3% and 2.7%, respectively. All of these banks published strong quarterly reports on Tuesday.

IBM shares plunged a record 25.2% for the company. Oracle Corp.'s capitalization decreased by 2.7%, Microsoft Corp.'s by 1.6%, Apple Inc.'s by 0.8%, and CoreWeave's by 4.1%. Nvidia Corp. increased its market value by 4.1%, Tesla by 0.4%, Advanced Micro Devices by 2.6%, Micron by 4.9%, Meta (recognized as an extremist organization in Russia and banned) by 0.7%, Alphabet Inc. by 2%, SK Hynix by 27.3%, SpaceX by 2.2%, Amazon.com Inc. by 0.1%, Broadcom by 1.3%, CrowdStrike by 12.1%, Dell Technologies by 7.1%, and Palo Alto Networks by 6.8%.

Biogen shares lost 8.2% after disappointing trial results for its Alzheimer's disease drug.

The Dow Jones Industrial Average rose 0.02% to 52,508.27 points. The Standard & Poor's 500 gained 0.38% to 7,543.59 points. The Nasdaq Composite added 0.90% and closed at 26,107.01 points.