New York (AFP)
The New York Stock Exchange, which had started in the red, concluded modestly higher Thursday in a volatile session after two days of losses.
According to final results, the Dow Jones, after two sessions of decline, advanced 0.62% to 32,619.48 points.
The Nasdaq, with a strong technological concentration, gathered 0.12%.
at 12,977.68 points.
The S&P 500 gained 0.52% to 3,909.52 points.
Interest rates on 10-year Treasuries edged up to 1.63% from 1.60% the day before "as markets remain choppy weighing the implications for rates, robust growth outlook in 2021 "in the United States, said Schwab analysts.
"In the stock market, we continue to see a certain rotation from technology stocks on the Nasdaq towards stocks in companies that are more traditional in the economy," noted Boris Schlossberg of BK Asset Management.
Thus Boeing climbed more than 3%, United Airlines took more than 4% as well as Carnival cruises.
The values of the Nasdaq "were highly valued as long as interest rates were at zero, but the more they increase, the more it compresses this valuation", further explained the analyst from BK Asset Management.
Banking and financial stocks benefited from this slight tightening in bond yields and the strong dollar, which hit a high since November.
Wells Fargo gained more than 3%, Bank of America more than 2%.
As an indicator, weekly jobless claims fell more than expected last week, to 684,000, a level that remains above the peak of 655,000 claims observed after the 2008 financial crisis.
At the same time, the Department of Commerce revised up the growth of the United States in the 4th quarter, which stood at 4.3% instead of 4.1%, according to its final estimate.
Facebook and Twitter lost respectively 1.21% and 1.39% while their leaders were questioned in parliamentary committee on disinformation.
Nike dropped 3.39%, after becoming the target of a media storm in China on Thursday after its boycott of cotton from Xinjiang, amid allegations of "forced labor" imposed on Uyghurs.
© 2021 AFP