New York (AFP)

The New York Stock Exchange ended in the green Tuesday, boosted by the encouraging quarterly results of several big names of the rating and by press information on the holding of trade negotiations between Washington and Beijing.

Its flagship index, the Dow Jones Industrial Average, rose 0.65% to 27,349.19 points, close to its record reached last week.

The Nasdaq, with strong technological color, climbed 0.58% to 8,251.40 points, also close to its highest level.

The broad S & P 500 index rose 0.68% to 3,005.47 points.

"The good results of companies published so far remove the fears of an economic downturn.This is a sign that the economy is not as weak as some had anticipated," said Karl Haeling, LLBW.

On Tuesday, Coca-Cola reported strong results in the second quarter, as higher prices for its beverages and increased sales volumes of soft drinks helped counter the negative impact of the strong dollar. Its stock jumped 6.1% on Wall Street.

US industrial conglomerate United Technologies has raised its annual financial targets after exceeding expectations in the second quarter, due to significant demand for its aeronautical equipment. His title has gained 1.5%.

Investors are now waiting for the quarterly results of several tech giants, including Amazon, Google and Facebook, who are due to perform this exercise in the week.

In addition, the upcoming meeting between US officials and their Chinese counterparts, announced by several press articles, while trade tensions between the United States and China are lively, has revived the hope of a relaxation between the two powers.

"It seems that the United States is willing to extend the duration of negotiations," Haeling said.

"It could mean that even if Washington and Beijing do not reach a trade deal in the immediate future, the Americans will not impose new taxes," he added.

Market players are watching closely the trade war between the United States and China, as it undermines global growth.

These persistent tensions are one of the reasons why the International Monetary Fund on Tuesday revised down its global growth forecast for 2019.

The IMF is now expecting a 3.2% expansion this year and 3.5% in 2020, 0.1 percentage point less than its forecast released in April.

The New York Stock Exchange also reacted with relief to the budget compromise between Republicans and Democrats in Washington, which allows an increase in the debt ceiling.

The agreement, which is yet to be approved by Congress, is removing the prospect of a paralysis of the federal administration until the next presidential election.

In the bond market, the interest rate on US 10-year debt rose to 2.078% after finishing at 2.047% Monday at the close.

© 2019 AFP