New York (AFP)

The New York Stock Exchange moved forward on Monday, after being heckled last week by a speculative fever and the sling of small carriers, the market having experienced its heaviest weekly losses since October.

The flagship index, the Dow Jones Industrial Average, rose 0.76% to 30,211.91 points and the broader S&P 500 index appreciated 1.61% to 3,773.86 points.

The Nasdaq, with strong technological coloring, progressed even more clearly, gaining 2.55% to 13,403.39 points.

The major New York indices had all fallen by more than 3% last week.

"Demand will pick up, the economy should have a spectacular fourth quarter and the results of large listed companies will undoubtedly be better than expected," Maris Ogg of Tower Bridge Advisors said to justify the market's optimism on Monday.

“These positive factors will not be overwhelmed by passing episodes,” predicts the expert, referring to the speculative buying frenzy that has destabilized the New York Stock Exchange in recent sessions.

Financial circles also remained vigilant on Monday to the movements of several stocks that experienced sudden surges last week, including the video game seller GameStop.

This company and several others have benefited from the massive support of amateur investors, determined to fight against large investment funds who have bet down on these groups.

GameStop's stock fell sharply on Monday, falling nearly 31%.

But the attention of stock marketers seemed to have already focused on other assets, including silver, the ounce of the precious metal having touched in the day its highest in eight years.

After this surge, the US agency in charge of commodities trading, the CFTC, assured that it was "closely observing recent activity in the silver market" and that it remained "vigilant to monitor this market in the event of fraud and manipulation ".

Wall Street also followed the continuation of discussions on the bailout plan for the US economy.

The White House has rejected the proposal of a group of moderate Republicans wishing to divide by three the amount of emergency measures wanted by President Joe Biden.

Among the values ​​of the day, Ford gained 2.85% after announcing a six-year contract with Google, which will provide the automaker with its remote computing services to modernize its factories and to equip its connected vehicles.

The rest of the week on Wall Street will be marked by many business results.

Among the big names of the New York coast to share their quarterly health check, Amazon and Alphabet (Google, YouTube), ExxonMobil and Pfizer will comply with this exercise on Tuesday.

© 2021 AFP