New York (AFP)

The New York Stock Exchange ended in the green on Monday, pushed by several technological stocks in a market continuing to monitor developments related to the new Chinese coronavirus and awaiting several economic meetings.

Its flagship index, the Dow Jones Industrial Average, took 0.60%, to finish at 29,276.82 points.

The highly technological Nasdaq gained 1.13% to 9,628.39 points and the S&P 500, which represents the 500 largest companies on Wall Street, rose 0.73% to finish at 3,352.09 points , the two indices ending at new levels.

After opening in retreat on Monday, the main indices quickly started to move forward to conclude increasing for the fifth time in the last six sessions.

"The market reacts to a solid earnings season without being exceptional," said JJ Kinahan of TD Ameritrade.

According to Factset, nearly 65% ​​of S&P 500 companies reported their quarterly results. Taking into account their figures and estimates of the companies still to publish, their earnings per share should increase on average by 0.76% in the fourth quarter. At the start of the results season, they were slated to drop 2%.

On Monday, the main New York indices were notably driven by technology stocks, the sub-sector representing them within the S&P 500 appreciating by 1.35%.

Several Wall Street giants, such as Microsoft (+ 2.62%), Alphabet (+ 2.0%), the parent company of Google, Amazon (+ 2.63%), or even Boeing (+ 2.35%) ended up.

Market players also continued to monitor the latest information on the Chinese viral pneumonia epidemic on Monday.

The toll of the epidemic has further increased in China, exceeding 900 dead, while President Xi Jinping appeared for the first time with his face covered with a protective mask, calling for measures "stronger and decisive "against the disease. The resumption of planned economic activity is proving very complicated in the country.

"It could get worse, but the market is reassured about what it knows at the moment," said Kinahan.

The week will be animated by the publication of several indicators making it possible to assess the health of the American economy as well as by the hearing of the president of the Federal Reserve Jerome Powell before the Congress on Tuesday and Wednesday.

Donald Trump also presented his 2021 budget on Monday, forecasting excessively optimistic revenue forecasts and giving pride of place to the military just a few months before the November presidential election.

On the bond market, the 10-year rate on the American debt fell, settling around 9:30 p.m. GMT at 1.560% against 1.583% on Friday at the close.

© 2020 AFP