New York (AFP)
The New York Stock Exchange opened up on Tuesday during the first session of the fourth quarter of 2019, driven by the growth of several banking stocks.
Its flagship index, the Dow Jones Industrial Average, rose 0.46% to 27,040.44 points, around 13:50 GMT.
The Nasdaq, with strong technological color, took 0.77%, at 8,061.25 points, and the expanded S & P 500 index gained 0.52%, to 2,992.15 points.
Wall Street ended up on Monday, reassured by a wave of optimism in the Sino-US trade war and the good health of Apple's title: the Dow Jones had taken 0.36% and the Nasdaq 0.75%.
At the start of the last quarter of the year, the New York rating benefited from the sudden rise in bond yields, including the yield on US 10-year debt.
The latter stood at 1.723% around 13H50 GMT against 1.665% the day before closing.
Several large banks, whose margins tend to rise when interest rates rise, saw their share price rise: Bank of America gained 0.96%, JPMorgan Chase 0.93% and Citigroup 1.40%.
Investors, however, remained cautious, keeping a watchful eye on any information on trade tensions between Washington and Beijing, which have reacted markets for more than a year.
"There must be a ceasefire in October in the Sino-US trade war for the markets to continue their upward trend.It could be China that would agree to buy more US agricultural products, while the United States will refrain from imposing new tariffs, "said Art Hogan of National.
Talks at the highest level between the world's two largest economies are expected to resume next week in Washington.
"The United States and China have interest in progress as the Chinese economy slows down and the US administration could use a victory (on the trade front, Ed) in the current political climate," said M Hogan.
© 2019 AFP