American stocks gained, a mere day after the biggest trading rally recorded since November of 2009 for the Standard & Poor's 500 Index, mainly on the back of better-than-estimated earnings and housing data which managed to raise confidence in the country's economy.

The largest manufacturer of farm equipment, Deere & Co. hiked by 6.6%, after profits were helped by lower costs of raw-material. Whole Foods Markets Inc., the biggest American grocer of natural-goods, climbed 8.5% and Home Depot Inc. gained by 1.7%.

"We've seen reasonably good earnings numbers with some companies showing strong performance like John Deere today. The economic data are showing improvement and we're going in the right direction, but we've still got a long way to go", said Jason Cooper, manager of $2.5 Billion at 1st Source Investment Advisors in South Bend, Indiana.

While the S&P 500 Index managed to surge by 0.3% to 1,097.83 points, the Dow Jones Industrial Average, on the other hand, surged by 30.91 points, or 0.3%, to 10,299.72 points.