New York (AFP)
The New York Stock Exchange ended in green Tuesday, taking advantage of soaring oil prices and investor confidence in a revival of economic activity in the United States and around the world.
The Dow Jones Industrial Average, its star index, gained 0.56% to 23,883.09 points.
The Nasdaq, with a strong technological coloring, appreciated by 1.13% to 8,809.12 points.
The broader S&P 500 index, which represents the 500 largest companies on Wall Street, rose 0.90% to 2,868.44 points.
The New York market has shown itself to be rather enthusiastic in the face of the gradual reopening of the economy of many American states and measures of deconfinement around the world.
California, the fifth largest economy in the world, will thus begin to relax certain measures at the end of the week.
If the death toll fell to its lowest daily level in a month in the United States (1,015), the authorities expect a new outbreak that will result in 3,000 deaths per day, according to a document released by the American press.
In addition, "optimism (of investors) has overshadowed several data in key sectors that have shown the profound upheavals caused by the Covid-19 pandemic," note analysts at Charles Schwab.
Activity in services in the United States thus declined in April, for the first time since December 2009, affected by containment measures, according to the index of the professional association ISM.
The trade deficit rebounded in March with a dip in American exports, according to data from the Commerce Department.
The New York market was also boosted on Tuesday by the sharp rise in black gold prices on Tuesday, the New York WTI climbing by more than 20% and the London Brent by more than 14%.
The oil market is betting on a recovery in consumption, hoping that world transport will restart with the start of deconfinement.
On the bond market, the 10-year rate on the US debt increased, standing at 0.6587% against 0.6334% on Monday evening.
© 2020 AFP