New York (AFP)

The New York Stock Exchange's flagship index, the Dow Jones Industrial Average, took more than 2% on Monday, supported by the surge in the title of Boeing, which made the first certification flight of the 737 MAX, its flagship model .

The Dow Jones gained 2.32% to 25,595.80 points, the highly technological Nasdaq rose 1.20% to 9,874.15 points and the broad S&P 500 index gained 1.47 %, at 3,053.24 points.

Heavyweight of the Dow Jones, Boeing saw its title climb by 14.40% after the first certification flight of the 737 MAX, which had been grounded for more than a year after two close fatal accidents.

Other flights will take place in the coming days and will be crucial for the commercial survival of the medium-haul, which represents more than two thirds of the order book of Boeing.

"It's been a long time since there has been any good news from Boeing's side and any sign of a light at the end of the tunnel is positive," notes Art Hogan, head of market strategy for National Securities.

Investors also welcomed at the start of the session the record increase in home sales pledges in the United States in May, which jumped 44.3% after two months of a sharp drop caused by containment measures to stem the Covid-19 pandemic.

If the number of new contaminations remains alarming in many American states, including Florida, Texas or Arizona, "the market preferred to see the glass half full when it had seen the glass half empty late last week, "said Hogan.

Among the other economic markers of the week, market players will take note of the figures for American manufacturing activity in June and the minutes of the last monetary meeting of the Federal Reserve (Fed) on Wednesday as well as job creation and unemployment rate in the United States on Thursday.

On Tuesday, Fed chief Jerome Powell will be heard before a committee of the House of Representatives. In remarks delivered ahead of time, Powell said the rebound in the US economy had started faster than expected.

The New York square and the other American financial markets will be closed on Friday, the day before Independence Day in the United States.

In the bond market, the 10-year rate on the US debt fell to 0.6315% around 20.20 GMT against 0.6413% on Friday evening.

© 2020 AFP