New York (AFP)

The New York Stock Exchange ended up on Thursday despite opposition from Democratic leader Nancy Pelosi to targeted stimulus measures for the airline industry in the absence of a comprehensive stimulus package.

Its flagship index, the Dow Jones Industrial Average, rose 0.43% to 28,425.51 points, its highest level since early September.

The Nasdaq, with strong technological coloring, gained 0.50% to 11,420.98 points and the extended S&P 500 index appreciated by 0.80% to 3,446.83 points.

Ms. Pelosi opposed an end to disallowance to Donald Trump's proposal to vote an autonomous aid plan for airlines, the Democratic official wishing that such measures fall within the framework of a more comprehensive law.

After deciding on Tuesday to suspend negotiations with the Democrats on this new budget aid package until the presidential election on November 3, US President Donald Trump did an about-face by saying he was in favor of sectoral aid.

One of them would consist in supporting the airline sector to avoid the tens of thousands of layoffs announced by the companies, faced with a drop in their activity since the start of the pandemic.

Large companies in the sector did not suffer Thursday from the Democratic official's position, having no doubt already anticipated it: American Airlines rose 0.65%, Delta Air Lines by 1.65% and United Airlines by 1.70%.

For JJ Kinahan, head of market strategy at TD Ameritrade, the market is still hoping that a large stimulus package will be negotiated, less than a month before the presidential election.

"After next week, it will be much more difficult, because we will be very close to the election," warns the expert nonetheless.

Thursday morning, before Ms. Pelosi's statements, Donald Trump said he saw a "strong chance" of reaching an agreement with the Democrats, necessary for validation in Congress.

But for other analysts, the good health of the New York Stock Exchange Thursday is to be put to the credit of other factors.

Patrick O'Hare of Briefing.com believes that the rise of Wall Street is explained more by "the prospect that the result of the election (presidential, ed) will not be contested and that the efforts to develop a vaccine and a treatment for Covid will continue to move in the right direction. "

Among the values ​​of the day, the title of Regeneron rose 1.38%.

On Wednesday evening, the American laboratory made an emergency authorization request for treatment with synthetic antibodies against Covid-19 that Donald Trump received last week after being contaminated.

IBM stock gained 5.98%.

The IT giant will split its infrastructure management activities into a listed company to focus on the "cloud" or cloud computing, the group said in a statement Thursday.

Eaton Vance's stock has soared by more than 48%.

The American investment bank Morgan Stanley (-0.60%) announced Thursday that it would buy this asset manager for $ 7 billion, a transaction intended to strengthen its wealth management and investment activities.

Among Thursday's indicators, weekly jobless claims fell slightly last week in the United States, a modest drop which suggests that the labor market continues to struggle to recover from the shock caused by the pandemic, according to reports. figures published by the Department of Labor.

© 2020 AFP