New York (AFP)
The New York Stock Exchange rose Monday at the start of the session, after a three-day weekend in the United States, in a market indifferent to the rise in cases of coronavirus in the United States.
Around 13:55 GMT, its flagship index, the Dow Jones Industrial Average, rose 1.65% to 26,253.15 points.
The Nasdaq, with a strong technological coloring, gained 1.75% to 10,386.66 points.
The broad S&P 500 index, which represents the 500 largest companies on Wall Street, appreciated by 1.50% to 3,176.96 points.
Wall Street had progressed significantly last week, driven, among other things, by employment figures better than expected in the United States: from Monday to Thursday, the Dow Jones had gained 4% and the Nasdaq 4.6%.
"The record number of daily coronavirus infections in the United States does not affect the mood of the equity market this morning," said Patrick O'Hare of Briefing.com
"That could change, but the idea that most of the new cases involve young people seems to reassure" the market, adds Mr. O'Hare, who also underlines the optimism of the investors on the development of a treatment or a coronavirus vaccine.
In this regard, the US biotechnology company Regeneron announced Monday the start of phase 3 of clinical trials on an antiviral against the virus. The title of the group rose by 0.91% on the New York square.
Wall Street was also buoyed by the good health of Asian stock markets, which welcomed the economic outlook in China thanks to several leading indicators pointing towards a sharper-than-expected recovery in activity.
The Shanghai Stock Exchange thus jumped by almost 6% and that of Hong Kong by almost 4%.
Among the indicators, market players will take note in the morning of a report on activity in the services sector in the United States in June.
On the bond market, the 10-year rate on the US debt increased, standing at 0.6923% against 0.6693% Thursday evening.
© 2020 AFP