New York (AFP)

The New York Stock Exchange ended in the green Monday on the eve of the presidential election in the United States, recovering from the front after its worst week and worst month since March.

Its flagship index, the Dow Jones Industrial Average (DJIA) gained 1.60% to 26,925.05 points.

The Nasdaq, with a strong technological coloring, rose 0.42% to 10,957.61 points and the extended S&P 500 index rose 1.23% to 3,310.24 points.

Last week, Dow Jones, Nasdaq and S&P posted their heaviest weekly losses in more than five months amid a resurgence of the virus and election uncertainties.

"The decline was really strong and rapid and the markets were oversold, which led to buying movements today," said Gregori Volokhine to justify the rebound on Monday.

The expert recalls, however, that investors and brokers remain on their guard before the vote on Tuesday.

Many remember the 2016 ballot, where market players overwhelmingly bet on Democrat Hillary Clinton's victory and position themselves as a result, losing a lot of money with the election of Donald Trump.

"This time they are trying to find a balance to avoid as much damage as possible," notes Mr. Volokhine.

If former Vice President Joe Biden is given the favorite against Mr. Trump in national polls, the gap is tight in several key states and the final results may not be known as of Tuesday evening.

Anticipating a possible stock market downturn after the election, some funds are trying to free up liquidity to take advantage of possible downward movements, which weighed on Monday on several major tech stocks, including Amazon (-1.04%) and Facebook (-0.67%), showing strong growth since the start of the year.

According to Mr. Volokhine, these investors are ready to "give up some of their very good performances to have a little more cash" at their disposal.

In addition to Tuesday's election, Wall Street will this week scrutinize the findings of a Federal Reserve (Fed) monetary policy meeting on Thursday, as well as October employment and unemployment figures in the United States. Friday.

Among the values ​​of the day, the American cosmetics group Estée Lauder (+ 1.91%) rose after having pleasantly surprised the markets on Monday, announcing better than expected results in the first quarter of its staggered fiscal year thanks to an increase in sales of skin care products.

The specialist in household products Clorox (+ 4.24%) appreciated after the publication on Monday of better than expected results, boosted by the increase in its sales during periods of confinement.

Dunkin 'Brands (+ 6.50%), which heads the donuts and coffee chains Dunkin' and Baskin-Robbins ice cream, rose after the announcement Friday evening of its takeover for $ 8.8 billion by Inspire Brands.

© 2020 AFP