New York (AFP)

The New York Stock Exchange ended in a disorganized fashion on Wednesday, as the Dow Jones and S & P 500 took advantage of Disney's jump to finish at a new level, while the Nasdaq remained weakened by questions about trade negotiations.

According to final results at closing, the Dow Jones Industrial Average rose 0.33% to finish at 27,783.59 points and the S & P 500 gained 0.07% to close at 3,094.04 points.

Both indexes benefited from the release of 7.35% of Disney, which benefited from the promising debut of its Disney + streaming platform: it attracted, 24 hours after its launch in the United States, Canada and the United States. Low, 10 million subscribers.

The Nasdaq, with strong technological color, for its part yielded 0.05% to 8.482.10 points. He had finished the day before at a record level.

The hearing of US Federal Reserve (Fed) Chairman Jerome Powell before Congress on Wednesday did not bring any major surprises.

"He delivered the message that was expected of him," said Karl Haeling of LBBW. "Nothing new but it was clear, saying that there was no need for yet another rate cut but that the Fed was ready to act if necessary," he said. "It seems to have reassured the market."

The Dow Jones and the S & P 500, however, limited their gains, and the Nasdaq has returned to the red, after new news reports reviving questions about the imminent conclusion of an agreement between the United States and China.

According to the Wall Street Journal in particular, Beijing does not want to include in the agreement quantified commitments on its purchases of US agricultural products while Donald Trump said that China had agreed to order up to $ 50 billion of products . The economic daily also reported on Tuesday that the extent of lifting tariffs remained a point of disagreement between the two parties.

"If we end up having new import taxes on Chinese products on December 15 (as currently planned, ed), it seems difficult for the indices to continue to climb to new records," said Mr. Haeling . "But if Donald Trump waives these tariffs, then the indexes could continue to rise."

The bond market appeared to take the threats surrounding the current trade negotiations more seriously. Sign of increased investor demand for this asset considered safe, the 10-year rate on US debt fell back to 21:20 GMT to 1.891% against 1.935% Tuesday at the close.

© 2019 AFP