New York (AFP)

Wall Street ended the week in the green Friday after its worst session since March, but major New York indices lost ground over the week.

Its flagship index, the Dow Jones Industrial Average rose 1.90% to 25,605.54 points.

The highly technological Nasdaq gained 1.01% to 9,588.81 points and the broad S&P 500 index gained 1.31% to 3,041.31 points.

Between Monday and Friday, the Dow Jones fell 5.6%, the Nasdaq 2.3% and the S&P 500 4.8%.

This decline is mainly due to Thursday's plunge in a market suddenly concerned about the gloomy economic outlook and the risks of a second wave of Covid-19 in the United States.

The indices rollercoaster on Friday, starting the session with a rush before wiping out their gains towards mid-session, then starting to rise again shortly before the close.

"Many investors bought after the worst drop since mid-March," said analysts at Wells Fargo.

"However, market players continue to monitor factors that cooled the heat on Thursday, including concerns about the increase in contaminations at Covid-19 and cautious comments from the Federal Reserve on Wednesday," they add to justify the volatility of the New York square.

The rise in the number of cases of Covid-19 patients in several American states, such as Texas, South Carolina or Arizona, after the reopening of their economies raises many questions.

The American secretary of the Treasury Steven Mnuchin however affirmed Thursday, on the chain of financial information CNBC, that there would be no new closing of the American economy even in the event of the second wave of the pandemic.

Among the indicators of Friday, consumer confidence in the United States continued to improve in early June in the wake of May, exceeding analysts' expectations in favor of the reopening of the economy, according to the preliminary estimate from the University of Michigan investigation.

The general index stood at the beginning of June at 78.9 points against 72.3 points in May.

On the bond market, the 10-year rate on the US debt rose, standing at 0.7084% against 0.6690% Thursday evening.

© 2020 AFP