New York (AFP)
The New York Stock Exchange ended in green Tuesday, buoyed by the record rise in retail sales in May in the United States and by several positive news on the economic and health fronts.
Its flagship index, the Dow Jones Industrial Average rose 2.04% to 26,289.98 points.
The Nasdaq, with strong technological coloring, rose by 1.75% to 9,885.87 points.
The S&P 500, which represents the 500 largest companies on Wall Street, appreciated by 1.90% to 3,124.74 points.
On the bond market, the 10-year rate on the American debt advanced, settling at 0.7430% around 20.25 GMT against 0.7215% Monday evening.
Retail sales in the United States rebounded 17.7% in May, an increase well above analysts' expectations and ending two catastrophic months, according to Commerce Department data released on Tuesday.
Among other indicators, industrial production also rebounded in May after a historic plunge the previous month, according to data from the Fed.
However, it increased less than expected by analysts (+ 1.4% against 3% expected).
Comments by Federal Reserve boss Jerome Powell, who spoke to a US Senate committee, slightly eroded gains in New York indexes around mid-session.
Powell said the strength of the US recovery was uncertain even if the United States recovered from the crisis caused by the Covid-19 pandemic.
Its vice-president, Richard Clarida, noted for its part "the incredible uncertainty surrounding the depth and duration of the recession".
The New York Stock Exchange also reacted positively on Tuesday to a Bloomberg article reporting a plan to support US infrastructure of $ 1,000 billion on which the Trump administration was working.
Several observers have also relayed the results of a large clinical trial on a drug, dexamethasone.
This inexpensive and readily available steroid is said to reduce mortality in the most severely affected by Covid-19, according to British researchers.
© 2020 AFP