New York (AFP)

Wall Street was moving close to balance Tuesday at the start of the session, trying to recover after a series of declines, but remained affected by many uncertainties.

Its flagship index, the Dow Jones Industrial Average, lost 0.13% to 27,112.61 points around 13:55 GMT.

The Nasdaq, with strong technological coloring, gleaned 0.01% to 10,779.77 points and the extended S&P 500 index gleaned 0.08% to 3,282.58 points.

The New York Stock Exchange fell Monday in a market paralyzed by economic, political and health fears: the Dow Jones had fallen 1.84% and the Nasdaq had lost 0.13%, limiting its losses at the end of the session.

Confirming a jump shortly before Tuesday's close, tech giants Apple (+ 0.50%), Amazon (+ 2.01%), Facebook (+ 0.44%) and Alphabet (+ 0.42%), the Google's parent company, were on the rise.

"We can expect a choppy day," warns JJ Kinahan, head of market strategy at TD Ameritrade.

"The market has been moving very quickly lately. The positive lesson from yesterday is the rise in tech values ​​in the minutes before the close, but people are also worried about possible new lockdowns in Europe and are wondering if the situation will worsen, "Mr. Kinahan explains.

Investors will follow the testimony of the Chairman of the Federal Reserve (Fed), Jerome Powell, before the Committee on Financial Services of the United States House of Representatives from 2:30 p.m. GMT on Tuesday.

In a speech prepared and distributed to the press, the head of the Fed underlined that the recovery of the US economy must go through an improvement in household confidence and consumption.

Mr Powell is also expected to call on the government to take additional aid measures.

The market was closely following the course of Tesla (-3.66%), which is due to hold a much-anticipated "Battery Day", just after its annual general meeting scheduled for 8:30 pm GMT.

Elon Musk, the whimsical boss of the high-end electric vehicle maker, warned that the announcements would be for long-term production and that he was not targeting mass production until 2022. But he was careful not to disclose advantage of details.

Tiffany's stock was stable.

American justice has set January 5 as the date of the trial to oppose the luxury giant LVMH to the jeweler, suggesting that the two parties resume dialogue.

At the beginning of September, LVMH announced that it was "no longer able" to buy Tiffany "as is", whose engagement had been announced at the end of 2019 for a marriage costing more than 16 billion dollars.

After the close, Nike (-0.12%) will report the results of the first quarter of 2021 of its staggered fiscal year.

© 2020 AFP