New York (AFP)

The New York Stock Exchange ended clearly in the green Tuesday, after a jagged session, marked by the quarterly results of several major American banks and the hope of additional measures to support the economy.

Its flagship index, the Dow Jones, climbed 2.13% to 26,642.59 points, recording its third straight advance.

The Nasdaq, with a strong technological coloring, appreciated by 0.94% to 10,488.58 points.

The broader S&P 500 index rose 1.34% to 3,197.52 points, returning to almost the same level as at the start of the year.

According to press reports, Democrats and Republicans are close to a compromise in Congress to vote for new support measures in response to the crisis linked to the Covid-19 pandemic.

"The promise of fiscal stimulus boosts economic expectations," said Chris Low of FHN Financial.

This trend was confirmed in New York, where several cyclical stocks, which are highly dependent on fluctuations in the economy, ended up.

This was notably the case of the construction machinery manufacturer Caterpillar (+ 4.83%), which is part of the Dow Jones, and of the agricultural equipment manufacturer Deere & Company (+ 3.50%).

Tuesday's session was also animated by the publication before the opening of the second quarter results of several large banking institutions.

JPMorgan Chase (+ 0.57%) and Citigroup (-3.93%) did better than expected between April and June, but the two banks had to put huge sums aside to meet the arrears of their respective customers .

Wells Fargo (-4.57%), which recorded a net loss of $ 2.4 billion, also had to provision $ 8.4 billion to protect itself from a situation much worse than expected because of of the pandemic.

Its managing director, Charlie Scharf, said in a statement that "the duration and severity of the economic crisis (had) increased considerably compared to what we had forecast the previous quarter".

The streaming giant Netflix and the pharmaceutical group Johnson & Johnson will also bend to this exercise in the coming days.

Among the indicators, consumer prices rose again in June in the United States, to + 0.6%, after three months of decline due to the crisis linked to the Covid-19, according to the CPI index released Tuesday by the Labor Department.

On the bond market, the 10-year rate on the US debt stood at 0.6233% around 8:30 p.m. GMT, up from Monday evening (0.6184%).

© 2020 AFP