US blue chips rose on Tuesday amid mounting expectations that the US and China will loosen their monetary policies to boost growth. Meanwhile, rising cautiousness ahead of the German Constitutional Court decision regarding its support for the ESM capped the upswing of the US equities. The Dow Jones Industrial Index gained 0.52% to close at 13,323.36. Eight out of nine economic sectors included in the index soared. Pushing the US index higher, financials and basic materials rose 1.55% and 1.17%. Bank of America and JPMorgan Chase & Co jumped 5.24% and 2.17% while Alcoa and El du Pont de Nemours advanced by 3.09% and 0.83% amid higher commodity prices. Hewlett-Packard added 2.98% after the company reported it will cut 29,000 jobs by the end of 2014. At the same time, consumer goods sector dragged the index lower. Kraft Foods and Procter & Gamble slid 1.09% and 0.36%.