New York (AFP)
Wall Street ended up on Monday, recovering after finishing last week in the red, in the midst of an upsurge in geopolitical tensions between the United States and Iran.
The flagship index of the New York Stock Exchange, the Dow Jones Industrial Average, rose 0.24% to 28,703.38 points.
The highly technological Nasdaq gained 0.56% to 9,071.46 points, and the broad S&P 500 index 0.35% to 3,246.28 points.
After the assassination during an American air raid of a powerful Iranian general, the main indices of the New York place had declined Friday, the investors seeming to fear an escalation between the two countries.
Renewed tensions had also boosted oil prices with concerns over the production of black gold and possible Iranian reprisals in the Strait of Hormuz, through which a large quantity of petroleum products transits.
Monday at the start of the session, Wall Street had retreated a little more, but it quickly wiped out its losses and ended up.
"The bottom line is that the markets believe this event will not upset either the global economy or corporate profits," said Karl Haeling of LBBW.
"In general, geopolitical events have only a limited influence on the markets", continues the expert.
The New York Stock Exchange also benefited Monday from the good health of several technology stocks, including Alphabet, the parent company of Google (+ 2.7%), the specialist in software for businesses Salesforce (+ 4.4%), Netflix (+ 3.1%) or Amazon (+ 1.5%).
Teeth straightening and whitening specialist SmileDirectClub jumped 21.6% after announcing an agreement to sell a series of products exclusively to the Walmart chain of stores.
On the bond market, the 10-year rate on the US debt was up, standing at 1.802% around 9:30 p.m. GMT, against 1.788% at the last closing.
© 2020 AFP