New York (AFP)

The Dow Jones Industrial Average ended Wednesday at a record high on Wall Street in a market welcoming the House of Representatives vote on a gigantic plan to help the US economy and less concerned about inflation risks.

The Dow Jones gained 1.46% to 32,297.02 points.

This is the first time that the index of flagship stocks of the New York Stock Exchange has crossed the threshold of 32,000 points at the close.

The broad S&P 500 index gained 0.60% to 3,898.81 points, while the technology-heavy Nasdaq fell a bit, falling 0.04% to 13,068.81 points.

Already up at the start of the session, the Dow Jones increased its gains after the final vote by the House of Representatives of the $ 1.9 trillion stimulus plan wanted by Joe Biden.

The American president must now promulgate this text, which includes in particular checks to families, tax credits, aid for small businesses and an envelope for schools.

Market players anticipate that these measures will facilitate a rapid return to growth, and benefit the sectors most dependent on the economy (airlines, tour operators, restaurants, oil majors, etc.), which are well represented within the Dow Jones.

“The market continues to hang on to the idea of ​​reopening and the likelihood that cyclicals are the right place to invest,” describes Briefing's Patrick O'Hare.

This sectoral rotation is at the expense of technological giants like Apple, Amazon, Facebook or Alphabet (the parent company of Google), which all ended up in the red on Wednesday.

Before the opening, Wall Street had seen the inflation figures in the United States in February.

This has accelerated a little, prices increasing by 0.4% over one month, according to the CPI index published by the Department of Labor, against + 0.3% in January.

This is the largest increase since August, driven by the sharp increase in gasoline prices, but the increase remains moderate and in line with market expectations.

The yield on 10-year Treasury bills fell after the publication of the CPI index, a sign of investor relief over demand for US debt.

The 10-year rate was at around 1.52% at the end of the day on Wednesday.

Among the values ​​of the day, General Electric fell 5.36%.

The American conglomerate will sell its aircraft rental subsidiary GECAS to the Irish company AerCap (-4.66%) in a $ 30 billion operation, which will give birth to a giant in a sector disrupted by the pandemic.

The chain of video game stores GameStop, very popular with stock marketers, has chained a sixth session up (+ 7.33%) after having done the roller coaster and seen its action suspended due to too much volatility.

The video game creation platform Roblox, one of the great successes of confinement with children and young adolescents, has made its first steps on Wall Street, where the company entered via direct listing.

Its stock ended at $ 69.50, 54.44% above the benchmark price of $ 45 announced Tuesday night by the New York Stock Exchange.

© 2021 AFP