New York (AFP)

Wall Street progressed early Tuesday, reassured by the Trump administration's decision to begin the political transition with President-elect Joe Biden's team.

New York's flagship index, the Dow Jones Industrial Average, rose 1.28% to 29,970.35 points around 3:05 p.m. GMT.

The Nasdaq, with strong technological coloring, appreciated by 0.35% to 11,922.70 points and the extended S&P 500 index gained 0.92% to 3,610.59 points.

The New York Stock Exchange finished in the green on Monday, first benefiting from a new announcement on a coronavirus vaccine, then enthusiastically welcoming the news that Janet Yellen was to be named Treasury Secretary by Joe Biden: the Dow Jones gained 1.12%, the Nasdaq gained 0.22% and the S&P 500 climbed 0.56%.

"The dominant feeling in the market right now is confidence in the fact that positive outcomes will prevail, whether it is the presidential transition (between Donald Trump and Joe Biden, editor's note), the coronavirus, the economy, corporate results, interest rates, inflation and the very performance of the stock market, ”summarizes Patrick O'Hare of Briefing.

While he refrained from directly acknowledging the victory of Joe Biden, outgoing President Donald Trump "recommended" Monday evening that the government agency responsible for the transfer of power to the United States do "what is necessary" concerning protocols.

On Monday, the announcements of the British laboratory AstraZeneca on the effectiveness of its vaccine against the coronavirus, developed in association with the University of Oxford, had delighted investors, as the name of Janet Yellen, former president of the Fed, as choice of Joe Biden as Minister of Finance.

Market players were hoping to see the Dow Jones cross the symbolic 30,000 point mark before Thursday's break, when Wall Street will be closed on the American Thanksgiving Day.

Among the values ​​of the day, the specialist in the sale of electronic equipment Best Buy (-6.41%) fell despite quarterly results above expectations.

The group has not issued a financial outlook due to uncertainties related to the pandemic.

The sports goods distribution chain Dick's Sporting Goods (-1.00%) declined despite satisfactory results in the third quarter.

The group also announced the name of its new boss, Lauren Hobart, who will replace Edward Stack in February.

Agri-food giant McCormick (+ 1.55%) rose after the announcement of the takeover of hot sauce maker Cholula for $ 800 million in cash.

© 2020 AFP