New York (AFP)

The New York Stock Exchange ended in scattered order Wednesday in a market torn between signs of economic recovery in the United States and uncertainty about the future.

The Dow Jones Industrial Average fell 0.65% to 26,119.13 points. The star Wall Street index had chained up three sessions.

The Nasdaq, supported by several major technology stocks, however gained 0.15% to 9,910.53 points.

The broad S&P 500 index lost 0.36% to 3,113.49 points.

Despite its strong growth in recent sessions, the New York market remains marked by "a high level of volatility, where the least information is perceived as an opportunity to evolve quickly in one direction or the other", describes JJ Kinahan , responsible for market strategy at TD Ameritrade.

Several market observers have thus judged that remarks by the famous British investor Jeremy Grantham, on the CNBC financial news channel, had weighed on New York indices at the end of the session.

Grantham, who predicted the 2008 financial crisis, said the New York Stock Exchange's rebound after its March plunge, and even as the Covid-19 pandemic continues, was a bubble that could explode at any time.

Among the events that caught the attention of market players, the president of the Federal Reserve (Fed) Jerome Powell ended his second day of hearing before American elected officials.

The head of the Fed again assured that the banking institution would do everything in its power to contribute to the recovery of the American economy.

He notably reversed the Fed's decision to buy corporate bond debt, asserting that it was a better tool for injecting liquidity into the market than buying bond securities from index funds. (ETF), which evolve passively.

Among the indicators, housing starts in the United States started to rise again in May (+ 4.3%), according to data from the Commerce Department published on Wednesday.

However, they remain well below their level before the coronavirus crisis.

On the bond market, the 10-year rate on the American debt fell, settling around 20:20 GMT at 0.7282% against 0.7528% Tuesday evening.

© 2020 AFP