New York (AFP)

The New York Stock Exchange ended in the green on Wednesday, ignoring an indicator that revealed a sharp slowdown in job creation in the private sector in the United States in July.

Its flagship index, the Dow Jones, followed a fourth session up, rising 1.39% to 27.201.52 points

The Nasdaq set its 31st record of the year finishing at 10,998.40 points, up 0.52%.

The extended S&P 500 index gained 0.64% to 3,327.73 points.

The American private sector created 167,000 jobs last month, a pace slowed by the closures of shops and restaurants in a large part of the country, where cases of coronavirus are on the rise, according to the investigation of the services firm. ADP companies.

Analysts were predicting 1.6 million new jobs.

"Investors believe the ADP survey has not been a particularly useful indicator in recent months to anticipate monthly figures from the Bureau of Labor Statistics (BLS)," notes Sam Stovall, chief investment officer at CFRA Research .

The BLS, an organ of the Department of Labor, is due to release a much-awaited report on employment and the unemployment rate in July on Friday.

US President Donald Trump announced on Fox News Wednesday that the document would contain "big numbers" without specifying what that might mean.

Among other indicators on Wednesday, activity in services in the United States rebounded more strongly than expected in July according to the index of the professional association ISM.

US trade deficit narrowed 7.5% in June, according to Commerce Department data

On the health front, the US government on Wednesday announced a new investment of $ 1 billion in the Covid-19 vaccine project of the pharmaceutical company Johnson & Johnson (J&J), with at least 100 million doses guaranteed to the key.

The title of J&J rose 0.80% on Wall Street.

The New York market was also carried by the jump in the action of Disney (+ 8.80%), which published its quarterly results Tuesday at the end of the day.

Despite a heavy net loss in the third quarter of its staggered fiscal year, the entertainment empire was able to count on a considerable increase in the number of paying subscribers on its various streaming platforms (Disney +, ESPN + and Hulu), this one s' establishing at 100 million.

Market players have also continued to follow parliamentary discussions around new fiscal stimulus measures, with Republicans and Democrats still looking for a compromise.

"Investors realize that as this support plan is struggling to be voted, it will probably be the last," said Mr. Stovall.

In the bond market, the rate on 10-year US debt rose to 0.5494% around 8:20 pm GMT against 0.5069% on Tuesday evening.

© 2020 AFP