New York (AFP)

The New York Stock Exchange finished higher on Tuesday, regaining some of the ground lost the day before, as markets are suspended on the results of key senatorial elections in Georgia (south) which will determine who will control the US Congress.

According to final results, the index of flagship stocks Dow Jones advanced 0.55% to 30,391.60 points.

The technology-intensive Nasdaq climbed 0.95% to 12,818.96 points.

The extended S&P 500 index gained 0.71% to 3,726.86 points.

While the day before, because of the uncertainty of this vote, the stock market had stumbled severely with a drop of more than 1.2% of the three indices, the indices recovered, for the same reasons on Tuesday.

Investors have watched like milk on fire the progress of this double senatorial election, a key vote "which will determine the direction of Congress," said analysts at Wells Fargo.

If both Democratic candidates win those seats in this usually conservative southern state, it will allow Joe Biden's party to control both the House of Representatives and the Senate.

"The best comment we can make is not to pay too much attention" to the interpretation of the markets on Tuesday, summed up Gregori Volokhine of Meeschaert Financial Services.

"Either the investors see a victory of at least one Republican in Georgia and deduce that it is positive for the market because there will be political blockage and no tax increases", explains the analyst.

"Either they see a victory for the Democrats, and then they hope for more stimulus, which is also good for the market."

The results, which promise to be tight, could take several days to be determined.

Ten of the eleven sectors of the S&P 500 were in the green, led by that of energy (+ 4.53%) while crude prices soared after an agreement within OPEC +.

The producers agreed to only increase the production of black gold at the margin, favoring the support of prices.

On the economic front, the good performance of the manufacturing activity index (ISM) in the United States for December, better than expected, also supported investor morale.

The ISM index climbed 3.2 percentage points from November to stand at 60.7%, its highest level of 2020.

The Boeing title, finishing up 4.37%, has almost taken back everything it had lost the day before.

Oil companies have recovered, in the wake of rising crude prices, Chevron gaining + 2.74% and ExxonMobil + 2.01%

While the New York Stock Exchange (NYSE) came back in a surprise way Monday night on its decision to delist three Chinese companies in the telecom sector, the stocks of these groups exploded: + 9.27% ​​for China Mobile to 29.35 dollars, + 8.83% for China telecom at 28.34 dollars and + 11.82% for China Unicom at 6.15 dollars.

In the bond market, the 10-year yield on Treasuries rose to 0.9499% from 0.9132% on Monday.

© 2021 AFP