New York (AFP)

The New York Stock Exchange moved forward Wednesday after three sessions of decline caused in large part by the sharp decline of US technology giants.

Around 1:50 p.m. GMT, its flagship index, the Dow Jones Industrial Average, rose 1.04% to 27,786.92 points.

The Nasdaq, with strong technological coloring, appreciated by 1.28% to 10,986.63 points.

The extended S&P 500 index gained 1.20% to 3,371.95 points.

Wall Street fell sharply on Tuesday, again weighed down by the fall in tech, but also weighed down by the decline in most sectors of the market: the Dow Jones had given up 2.25% and the Nasdaq had plunged 4.11% .

Between its record last Wednesday at the close and its tumble on Tuesday, the Nasdaq has yielded more than 10%, which corresponds to a correction in the stock market jargon.

"The rebound (of Wednesday morning, editor's note) is linked to price volatility and to the fact that equities and / or the market often tend to rise after correction movements, especially when these take place within periods of very short times, ”explains Patrick O'Hare of Briefing.com.

"The real question is whether this rebound will last or if the market will experience new painful sessions when everyone expects it to rise even higher," asks Mr. O'Hare.

Mistreated in recent sessions, the American tech pillars in any case regained some shine at the start of the session on Wednesday: Apple (+ 3.48%), Amazon (+ 2.12%), Facebook (+ 1.08%) ) and Alphabet (+ 0.86%), the parent company of Google and YouTube, were all up.

Tesla, which on Tuesday experienced its worst fall since its IPO 10 years ago, also found color and appreciated by 7.77%.

Among other values, Tiffany saw its share plunge by more than 11%, weighted down by an announcement from the French group LVMH, which no longer considers itself "able" to buy "the American jeweler" as it is, invoking in particular " the threat of taxes on French products formulated by the United States ".

Tiffany has taken LVMH to court in the United States, accusing the company of having delayed the regulatory procedures for the acquisition.

On the bond market, the 10-year rate on US debt rose to 0.6837% against 0.6788% Tuesday night.

© 2020 AFP