New York (AFP)

The New York Stock Exchange was up Monday at the start of the session, trying to bounce back after its worst week in three months in a market destabilized by a speculative fever, which in particular made GameStop soar.

Around 3:00 p.m. GMT, the index of flagship stocks, the Dow Jones Industrial Average, rose 0.27% to 30,062.08 points.

The Nasdaq, with strong technological coloring, gained 0.79% to 13,174.03 points and the extended S&P 500 index took 0.48% to 3,732.22 points.

Last week, the three major stock indexes had all fallen by more than 3%.

The incredible increase for several sessions of the title of GameStop, supported by an army of small carriers, gave the market a cold sweat.

These stock marketers are on a crusade against some large Wall Street hedge funds, which had bet down on this company, judging its precarious financial situation and its gloomy growth prospects.

If the action of the video game stores chain was down 13% Monday morning, it remained at the center of the conversations.

"The stock market value of GameStop is about 1% of that of Apple and an even smaller fraction of the total value of the stock market, but it is nevertheless what holds the attention of 100% of the market", remarks Patrick O'Hare from Briefing.

"Even when the news is not specifically related to GameStop, we see variations of what happened with GameStop. This is the case today with money, which is visibly pushed by Internet users of the Reddit site ", adds the expert.

The price of the metal was indeed soaring Monday, even passing $ 30 an ounce for the first time in eight years, after being the subject of countless discussions on Reddit's popular WallStreetBets forum.

Investors and brokers were also observing developments around the rescue plan in the United States wanted by the new American president Joe Biden.

Ten Republican senators announced on Sunday that they had offered Mr. Biden an alternative plan of $ 600 billion, less than the amount desired by the tenant of the White House.

The week on Wall Street will also be animated by a large number of corporate 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