New York (AFP)
The New York Stock Exchange advanced sharply Tuesday shortly after opening, buoyed by the record rise in retail sales in May in the United States.
Around 1:40 p.m. GMT, the Wall Street flagship index, the Dow Jones Industrial Average, rose 2.76% to 26,475.22 points.
The Nasdaq, with a strong technological coloring, rose by 2.21% to 9,941.16 points.
The S&P 500, which represents the 500 largest companies on Wall Street, appreciated 2.56% to 3,145.08 points.
On the bond market, the 10-year rate on the American debt rose, standing at 0.7661% against 0.7215% on Monday evening.
The New York place had ended in the green Monday after the announcement of new measures of the Federal Reserve aiming to support the American economy and the companies struck by the crisis linked to the Covid-19: the Dow Jones had gone up from 0, 62% and the Nasdaq of 1.43%.
Retail sales in the United States rebounded 17.7% in May, an increase well above analysts' expectations and which ends three months of decline, according to Commerce Department data released on Tuesday.
President Donald Trump welcomed the figures and said he expected "A GREAT DAY FOR SCHOLARSHIP AND JOBS" on his Twitter account.
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).
The New York Stock Exchange also reacted positively to Bloomberg's article reporting on a $ 1 trillion US infrastructure support plan that the Trump administration was munching on.
Several observers also reported a clinical trial by a team at the University of Oxford on a drug, dexamethanose, which could help critically ill patients with Covid-19.
"For the market, it is the alignment of the planets: the hope of new support measures, a possible advance in the treatment against Covid-19 and more than encouraging economic news", summarizes Patrick O'Hare of Briefing.
© 2020 AFP