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NEW YORK Brewers Stephen Vogt Jersey , Jan. 14 (Xinhua) -- U.S. stocks soared Tuesday, rebounding from Monday's diving, as better-than expected retail sales reassured investors.

The Dow Jones Industrial Average jumped 115.92 points, or 0.71 percent, to 16,373.86. The S&P 500 climbed 19.68 points, or 1.08 percent, to 1,838.88. The Nasdaq Composite Index skyrocketed 69.71 points Brewers Scooter Gennett Jersey , or 1.69 percent, to 4,183.02.

The three stock indices closed near session highs, with the tech-rich Nasdaq wiping out all the loss in the previous trading day, when the market saw a selloff on profit taking, from restless investors after the benchmark S&P 500 soared roughly 30 percent in the past year.

However, the strengthening gauge of consumer spending, which accounts for about 70 percent of the gross domestic product in the world's largest economy, suggested an improving outlook for the economy Brewers Ryan Braun Jersey , triggering a broad-based buying in the day.

U.S. retail sales edged up 0.2 percent in December following a downwardly revised 0.4-percent gain in November, the Commerce Department said, exceeding market forecasts.

U.S. business inventories rose 0.4 percent in November from the preceding month, the department said in a separate report Tuesday.

Moreover, U.S. import prices recorded no change in December following two months of decline, while export prices advanced 0.4 percent, the Labor Department said.

Two major U.S. banks posted a mixed picture in their earnings reports, and earnings reports from other banking giants are also due out later this week, which are expected to set the tone of the new earnings season.

JPMorgan Brewers Robin Yount Jersey , the largest U.S. bank by assets, early Tuesday reported a net income of 5.3 billion U.S. dollars for the fourth quarter of 2013, down from 5.7 billion dollars a year ago. Its revenue for the quarter was 24.1 billion dollars, down 1 percent compared with the previous year. However, the earnings results still beat analysts'forecasts by a penny.

Legal costs, including the recently announced settlement over JPMorgan's involvement in Bernard Madoff's fraud, took a toll on the bank's results in the fourth quarter. However, the bank's shares managed to end in positive territory, up 0.07 percent to 57. 74 dollars.

Meanwhile Brewers Paul Molitor Jersey , Wells Fargo & Company, the biggest U.S. mortgage lender, reported a record full-year and quarterly net income Tuesday. Its net income in 2013 was 21.9 billion dollars, up 16 percent from last year, while its fourth-quarter net income was 5. 6 billion dollars, up 10 percent year on year.

Wells Fargo's record-setting performance was boosted by strong loan and deposit growth, continued improvement in credit quality and strengthened capital levels.

The bank's shares turned higher, increasing 0.07 percent to 45. 59 dollars.

The CBOE Volatility Index, widely considered as a fear gauge of the market Brewers Orlando Arcia Jersey , tumbled 7.53 percent to finish at 12.28.

In other markets, U.S. oil price rose Tuesday on the encouraging retail sales. Light, sweet crude for February delivery moved up 79 cents at 92.59 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery lost 36 cents at 106.39 dollars a barrel.

Gold futures on the COMEX division of the New York Mercantile Exchange snapped a three-day winning streak on Tuesday, with the most active gold contract for February delivery down 5.7 dollars to settle at 1,245.4 dollars per ounce.

The U.S. dollar recovered against most major currencies on Tuesday, lifted by the positive retail sales data. The strong dollar fueled speculations that the Federal Reserve may further reduce the amount of its monthly bond purchases.

In late New York trading, the euro dipped to 1.3671 dollars from 1.3672 dollars of the previous session, and the dollar bought 104.24 yen Brewers Matt Garza Jersey , higher than 102.91 yen of the previous session.

MACAO, Dec. 7 (Xinhua) -- Macao Chief Executive Chui Sai On has pledged to give priority to comprehensively implementing the "One country, Two systems" policy and the Basic Law, which he said would be the top principle for his governance of Macao in the next five years.

"The achievements in Macao have highlighted the great vitality of the 'One country, Two systems' policy," Chui told Xinhua on the eve of the 15th anniversary of Macao's return to China.

Chui, 57, will be sworn in as the fourth-term chief executive of the Macao Special Administrative Region (SAR) on Dec. 20 after winning a reelection on Aug. 31.

"The past 15 years since Macao's return to the motherland is the fastest-growing period in Macao," he said Brewers Lorenzo Cain Jersey , citing a rapidly developing economy, ever-improving livelihood, and a harmonious and stable society in the region.

The SAR's gross domestic product (GDP) reached 413.47 billion patacas (51.76 billion U.S. dollars) last year from 50.27 billion patacas in 1999, with an average annual growth of 16.2 percent. The GDP per capita jumped from 15,000 dollars in 1999 to 87,000 dollars in 2003, which ranks the second highest in Asia and fourth in the world.

Meanwhile, the unemployment rate has dropped from 6.3 percent upon Macao's return to China in 1999 to 1.7 percent. The average monthly income has tripled to 15,000 patacas from 4 Brewers Jonathan Villar Jersey ,920 patacas and the life expectancy of local citizens has risen from 80.7 years in 1999 to 85, the second longest in the world.

The chief executive attributed the rapid development in Macao to an accurate understanding and comprehensive implementation of the "One country, Two systems" policy, and the healthy development of relations between the central government and the Macao SAR.

"The Mainland is always a strong supporter for Macao, and I believe the backing will continue in the future," Chui said.

He appreciated the support from the central government and other provinces and autonomous regions to Macao, by such means as the Mainland and Macao Closer Economic Partnership Arrangement, the Guangdon.

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