New York (AFP)

The New York Stock Exchange opened higher on Tuesday, starting again after its tumble of the day before against a background of growing fears about the spread of the coronavirus in the world.

Around 2:55 p.m. GMT, its flagship index, the Dow Jones Industrial Average, rose 0.17% to 28,0008.57 points.

The highly technological Nasdaq gained 0.27% to 9,246.19 points.

The broad S&P 500 index was 0.07% higher, at 3,228.25 points.

"The market is ready to rebound on Tuesday as investors continue to assess the potential global impact of the coronavirus on economic growth," said analysts at Wells Fargo.

On Monday, the Dow Jones and the S&P 500 had their worst session in more than two years, abandoning respectively 3.56% and 3.35% at the close while the Nasdaq had recorded its heaviest loss since October 2018 by losing 3 , 71%.

Market players had expressed concern about the increase in the number of cases identified in different countries, including South Korea, Iran and Italy.

The World Health Organization has raised the risk of a "pandemic", making financial markets fear lasting negative consequences for the world economy.

"It is likely that the uncertainty will be spread over several sessions with the idea that the results of companies will be affected this quarter and perhaps in the longer term," warns JJ Kinahan, of TD Ameritrade, who believes that the indices could evolve according to the adjustments planned by the listed companies.

The airline United Airlines (-1.10%), for example, suspended Monday evening its financial forecasts for 2020, explaining that "the range of possible scenarios" linked to the new coronavirus was "too wide to currently set targets" .

The company is thus in the wake of several large companies that warned that the epidemic would affect their results, like Apple, Procter & Gamble or Coca-Cola.

Analysts are starting to take these disturbances into account.

In a note released Tuesday, Needham analysts lowered their forecast for Apple sales in the first quarter by 13% and in the second quarter by 7% compared to their previous estimates.

On the bond market, the 10-year rate on the US debt continued to fall, standing at 1.355% against 1.371% at the close on Monday.

The 30-year rate on US Treasuries was moving to an all-time low, at 1.821%.

© 2020 AFP