New York (AFP)

Wall Street rose early Wednesday, as major US banks Bank of America, Goldman Sachs and Wells Fargo reported their quarterly health check before the opening.

Its flagship index, the Dow Jones Industrial Average, rose 0.31% to 28,679.81 points around 2:00 p.m. GMT.

The Nasdaq, with strong technological coloring, appreciated by 0.45% to 11,917.64 points and the extended S&P 500 index by 0.40% to 3,525.83 points.

The New York Stock Exchange ended in the red on Tuesday, with JPMorgan Chase and Citigroup kicking off the earnings season, in a market doubting that a reliable coronavirus vaccine would be available soon: the Dow Jones had fallen 0.55% and the Nasdaq 0.10%.

"The US equity market started rising as investors digest a new round of results from the financial sector," commented analysts at Charles Schwab.

The investment bank Goldman Sachs, which almost doubled its net profit in the third quarter despite the recession, saw its stock rise 0.72%.

Bank of America, on the other hand, presented a more mixed face with better-than-expected earnings but disappointing turnover due in particular to low interest rates.

Its stock was down 2.00%.

Wells Fargo, for its part, saw its quarterly profits fall by half compared to last year, also suffering from low interest rates.

Its stock fell 2.77%.

Another company to report on its results, the health insurance giant UnitedHealth, a member of the Dow Jones, lost 0.62% despite better than expected turnover and profits and an upward revision of its outlook to the year.

"The markets also continue to keep an eye on any development linked to a possible agreement on a budget aid package which remains elusive for the time being," said Schwab analysts.

Among the other values ​​of the day, Apple rose 1.19% the day after the presentation of its new range of iPhones, which will all be compatible with 5G networks.

Amazon dropped 0.05% on the second day of its massive "Prime Day" operation, which allows customers of the online store to benefit from sales on many products.

Competitor of Amazon, Walmart yielded 0.20%.

The department store chain announced on Wednesday that it would organize, on its website and in its brands, three promotional events in November instead of the traditional "Black Friday", which usually takes place the day after Thanksgiving.

© 2020 AFP