New York (AFP)

The New York Stock Exchange finished in the green Wednesday for the second session in a row after the dropout at the start of the week, driven by good corporate results.

According to final results, the Dow Jones index finished up 0.83% to 34,798 points.

The Nasdaq, with strong technological coloring, advanced 0.92% to 14,631.95 points.

The extended S&P 500 index gained 0.82% to 4,358.69 points.

The three indices have more than recovered from the losses of Monday when, in the wake of the world stock markets, Wall Street had accused its worst session of the year, worried about the impact of the Delta variant of the coronavirus on the global economic recovery.

Trading on Wednesday was animated by the quarterly earnings season, which shifted into high gear.

"Markets continued to recover after concerns began to fade over the worldwide spread of the Delta variant," said analysts at Charles Schwab.

"Investors have instead turned their attention to a new set of positive results for companies."

Coca-Cola, which revised its forecasts upwards for 2021 in favor of the reopening of the economy, concluded up 1.25% to 56.53 dollars.

The group anticipates growth of 12% to 14% of its turnover.

The telecommunications operator Verizon (+ 0.65%), member of the Dow Jones like Coca-Cola, for its part announced a profit and sales higher than expected in the second quarter.

Although still in deficit, the American airline United Airlines saw its title climb 3.84% after ensuring that it would turn in profits in the second half with a rebound in travel.

Shares of Covid 19 vaccine maker Johnson and Johnson ended up 0.62% after reporting a surge in Q2 net income.

The group plans to sell $ 2.5 billion in anti-Covid vaccines for the entire year.

J&J did not suffer on the stock market from the announcement on Wednesday of an agreement that provides for the payment of $ 5 billion over nine years to settle the lawsuits against the company, along with other suppliers, in the crisis opiates.

Mexican fast-food chain Chipotle saw its stock jump 11.5% after posting sharply higher earnings, with chief executive Brian Niccol predicting strong earnings "for many years to come."

Overall, eight of the eleven sectors of the S&P 500 concluded in positive territory, with the energy sector leading (+ 3.53%) accompanying the rise in crude oil prices, followed by the banking sector (+ 1.71% ) and materials (+ 1.09%).

Netflix, on the other hand, lost 3.28% to 513.63 dollars, after the publication of disappointing quarterly accounts on Tuesday after the stock market closed.

Despite doubling its quarterly profit over one year, analysts diagnosed saturation of the market for the video streaming platform.

On the bond market, the yield on 10-year Treasury bills rose sharply to 1.29% against 1.22% the day before.

© 2021 AFP