New York (AFP)

Wall Street ended Monday's session in broken order, digesting new stimulus measures decreed by Donald Trump over the weekend and closely following escalating Sino-US tensions.

Its flagship index, the Dow Jones Industrial Average, rose 1.30% to 27,791.44 points.

The Nasdaq, with strong technological coloring, fell 0.39% to 10,968.36 points.

The broader S&P 500 index appreciated 0.27% to 3,360.47 points, ending within 30 points of its February record.

According to Peter Cardillo of Spartan Capital Securities, the market "hopes that the economic recovery will accelerate" with help from the Federal Reserve and the US government.

On Saturday, Donald Trump signed four decrees, which provide for a wage freeze, an extended unemployment benefit of $ 400 per week, protections for tenants threatened with eviction and a postponement of the repayment of student loans.

These decisions, taken less than three months before the presidential election, however, risk being challenged in court since it is to Congress that the American constitution confers most of the country's budgetary decisions.

The White House and the Democrats could also return to the negotiating table to find a compromise on these new aid measures.

In any case, on Monday they benefited cyclical stocks on the stock market, particularly sensitive to the environment and to the economic outlook: Nike (+ 3.49%), Boeing (+ 5.52%) and Caterpillar (+ 5.26%) , all members of the Dow Jones, soared.

These readjustments were made, according to several experts, to the detriment of major technology stocks, including Amazon (-0.61%), Netflix (-2.29%) or Facebook (-2.03%).

The renewed tensions between the United States and China also caught the attention of investors on Monday.

Beijing announced sanctions against 11 US officials, including Republican Senators Marco Rubio and Ted Cruz, in retaliation for similar moves by Washington against Chinese officials accused of undermining Hong Kong's autonomy.

The tone had already risen last week with the threat made by Donald Trump to ban the popular Chinese mobile applications TikTok and WeChat in the United States, which had raised fears of reprisals by Beijing against American tech companies.

In the bond market, the 10-year rate on US debt rose around 8:30 p.m. GMT to 0.5788% against 0.5640% on Friday evening.

© 2020 AFP