New York (AFP)

Wall Street advanced at the opening on Wednesday, hoping to record a third session of consecutive increase, in a market still confident about the economic recovery in the United States.

Around 13:55 GMT, its flagship index, the Dow Jones Industrial Average, took 0.81% to 25,952.20 points.

The Nasdaq, with a strong technological coloring, rose by 0.47% to 9,653.64 points.

The S&P 500, which represents the 500 largest companies on Wall Street, gained 0.71% to 3,102.65 points.

The New York Stock Exchange had ended in the green Tuesday, the prospect of seeing the economy start again gradually outweighing the demonstrations in the United States or the risk of new Sino-American tensions: the Dow Jones had advanced by 1.05 %, the Nasdaq of 0.59% and the S&P 500 of 0.82%.

"At the current rate, the S&P 500 may soon reach a new historic high," said Patrick O'Hare of Briefing.com.

The widened New York market index hit a record in mid-February, standing at 3,386.15 points.

According to O'Hare, the rise in the major Wall Street indices is "impressive, confusing, surprising and disturbing", given the economic context in the United States.

The indicators continue to show the extent of the crisis caused by the coronavirus and measures to try to contain it.

On Wednesday, the monthly survey of the business services firm ADP revealed that private American companies had destroyed 2.7 million jobs in May because of the pandemic.

If this figure remains historically high, it is much lower than that of April (20 million) and less worse than what analysts expected, who expected 9 million jobs destroyed.

The increase in stock market indices is thus explained, according to Mr. O'Hare, by "the heightened fear of missing new profits with each increase, each new measure of economic support (in the United States and abroad), each negative news is supposed to improve and each positive news confirms the idea that the worst is behind us. "

On the bond market, the 10-year rate on the American debt rose, moving to 0.7311% against 0.6852% Tuesday evening.

© 2020 AFP