New York (AFP)

The New York Stock Exchange rose shortly after opening on Wednesday, ignoring an indicator that revealed a sharp slowdown in private sector job creation in the United States in July.

Around 1:55 p.m. GMT, its flagship index, the Dow Jones Industrial Average, rose 1.02% to 27,101.92 points.

The Nasdaq, with a strong technological coloring, appreciated by 0.36% to 10,980.87 points.

The extended S&P 500 Index gained 0.59% to 3,326.00 points.

Wall Street ended up on Tuesday, hoping for progress in negotiations in Congress around a new plan to help American businesses and homes hit by the coronavirus crisis: the Dow Jones took 0.62% and the Nasdaq had won its 30th record of the year by gaining 0.35%.

The US private sector created 167,000 jobs last month, a pace slowed by the closures of shops and restaurants in a large part of the country, where cases of coronavirus are on the rise, according to the investigation of the services firm. ADP companies released Wednesday.

"Surprisingly, we cannot say that this report caused a great stir, even if the figure is well below expectations", notes Patrick O'Hare of Briefing.

Analysts were indeed expecting 1.6 million jobs to be created.

On Friday, market players will take note of the monthly figures on employment and the unemployment rate, published by the Department of Labor.

US President Donald Trump announced on Fox News Wednesday that the report would contain "big numbers" without specifying what that might mean.

On the health front, the US government announced on Wednesday a new investment of $ 1 billion in the Covid-19 vaccine project of the pharmaceutical company Johnson & Johnson (J&J), with at least 100 million doses guaranteed to the key.

The title of J&J rose by 1.04% on Wall Street.

The market was also carried by the jump in the action of Disney (+9.94), which published its quarterly results Tuesday at the end of the day.

Despite a net loss of $ 4.7 billion in the third quarter of its staggered fiscal year, the entertainment empire was able to count on a considerable increase in the number of paying subscribers on its various streaming platforms (Disney +, ESPN + and Hulu) , this amounting to 100 million.

Investors also continued to follow parliamentary discussions around new fiscal stimulus measures, with Republicans and Democrats still looking for a compromise.

On the bond market, the rate on the US 10-year debt rose to 0.5379% against 0.5069% Tuesday night.

© 2020 AFP