New York (AFP)

Wall Street was in disarray on Wednesday shortly after the opening: the Dow Jones benefited from the excellent quarterly results of Nike, while the Nasdaq suffered from the mixed start of the session of the technological giants.

The Dow Jones Industrial Average gained 0.44% to 27,409.06 points around 13:50 GMT.

The Nasdaq fell 0.25% to 10,936.07 points.

The extended S&P 500 index appreciated 0.10% to 3,318.99 points.

The New York Stock Exchange rebounded sharply on Tuesday, ending several sessions of decline, in a market reassured by the good performance of the giants Amazon, Apple, Facebook and Alphabet: the Dow Jones had gained 0.52% and the Nasdaq had risen by 1.71%.

"The market could go either way today," said Patrick O'Hare of Briefing.com.

"There is hope that the rebound movement will continue today, but there is also the fear that the stock market giants will spoil the party", summarizes the expert.

Amazon (-1.34%), Alphabet (-0.93%), the parent company of Google, and Apple (-0.38%) were indeed in decline.

Nike, however, soared 8.64%, supporting the Dow Jones.

The sports equipment manufacturer pleasantly surprised Wall Street on Tuesday after the close by posting strong sales of its items in China and on its electronic platforms.

The flagship index of Wall Street was also helped by the rise of Johnson & Johnson (+ 1.54%).

The company on Wednesday became the fourth pharmaceutical group to launch a phase 3 clinical trial in the United States on an experimental vaccine against Covid-19 in a single dose, with 60,000 people on three continents.

Market players also welcomed Tuesday evening the budget agreement between the American House of Representatives and the White House to avoid the sudden drying up of government funding on September 30, described as a "shutdown".

The market will also follow Wednesday the testimony before American parliamentarians of the President of the Federal Reserve (Fed), Jerome Powell, who has already spoken the day before.

Mr. Powell notably reiterated the Fed's commitment to supporting the US economy for as long as necessary.

Among the other values ​​of the day, Tesla fell 5.69%, investors appearing disappointed with the announcements of the manufacturers of high-end electric vehicles Tuesday during its "day of the battery".

Tesla boss Elon Musk notably announced his goal of halving the cost of batteries and selling an electric car for $ 25,000 within three years.

© 2020 AFP