New York (AFP)

The New York Stock Exchange ended Thursday by resuming color, driven by a rebound in tech and third quarter growth, after the dark day of the previous day.

Its flagship index, the Dow Jones Industrial Average, finished up 0.52% to 26,659.11 points.

The Nasdaq, with strong technological coloring, gained 1.64% to 11,185.59 points.

The broader S&P 500 index also advanced 1.19% to 3,310.11 points.

The major New York indices picked up in the morning thanks in particular to the return of growth in the United States with the rebound in gross domestic product in the third quarter.

The day before, the New York Stock Exchange had suffered its biggest fall since June, undermined by the likely impact on the economy of the second wave of Covid-19 and the new containment measures announced in Europe: the Dow Jones had fallen 3.43% and the Nasdaq 3.73%.

US GDP recovered 33.1% at an annualized rate between July and September after falling 31.4% in the second quarter, according to a preliminary estimate from the Commerce Department released Thursday.

However, for Briefing's Patrick O'Hare, this GDP report did not cause a real shock to the New York Stock Exchange, because investors had anticipated this sharp rise and they continue to expect turbulence in the coming years. month.

"There is no recovery plan in the United States, there is the uncertainty linked to the presidential election (American, editor's note), there is an outbreak of cases of coronavirus contamination and new efforts by authorities to limit the spread via containment measures or targeted closures ", lists the expert.

- Tech supported by results -

The big names in technology were sought out during the meeting, such as Apple (+ 3.71%) or Facebook (+ 4.92%), pending the publication of their results just after the close.

Alphabet (parent company of Google) which finished up 3.34% doubled the stake in electronic exchanges after the closure (+ 6.10%), the group having announced a quarterly profit of 11.2 billion dollars, above expectations.

The e-commerce giant Amazon, on the other hand, ended a modest increase of 1.52% before dropping as much in trade after the close despite the tripling of its profit in the third quarter thanks to the pandemic.

Twitter, increased to + 8.04% at the close, fell 10% after the closure and the announcement of a lower than expected increase in the number of its daily users.

The photos platform Pinterest, whose results far exceeded expectations, climbed 26.92%.

Among the other values ​​of the day, Moderna was up 8.43%.

The American biotech said it received $ 1.1 billion in deposits in the third quarter for its vaccine against Covid-19, still in the clinical trial phase but for which it "is actively preparing" for the launch.

The share of the semiconductor manufacturer Inphi (+ 26.70%) soared after the announcement of its takeover by rival Marvell Techology (-3.34%).

The VIX, dubbed the fear index, which measures the volatility of the New York Stock Exchange, fell (-6.68%) to 37.59 points after a four-month peak the day before, suggesting that brokers and investors were slightly less worried than Wednesday.

© 2020 AFP