New York (AFP)

The New York Stock Exchange rose slightly on Wednesday shortly after opening, with its eyes riveted on corporate results and looking to consolidate the previous day's rebound from Monday's stall.

Around 2:10 p.m. GMT, the flagship Dow Jones index advanced 0.79% to 34,783.99 points.

The Nasdaq, with strong technological coloring, rose 0.40% to 14,557.51 points and the extended S&P 500 index gained 0.61% 4,349.46 points.

The day before, after having experienced its worst session of the year on Monday with the concern that the resurgence of Covid contaminations would slow down the global recovery, the indices had recovered much of the lost ground.

The Dow Jones finished up 1.62%, the Nasdaq 1.57% and the S&P 500 1.52%.

"We are far from the weakened market which prevailed" at the beginning of the week, noted in a note Patrick O'Hare of Briefing.com noting that the values ​​of the traditional economy "seemed to show some strength" at the opening.

While the macroeconomic calendar is relatively light this week, the quarterly earnings season on the other hand picked up speed on Wednesday.

Coca-Cola (+ 2.17% at the opening) revised its forecasts upwards for 2021 in favor of the reopening of the economy.

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

The telecommunications operator Verizon (+ 1.84%), member of the Dow Jones like Coca-Cola, for its part announced a profit and stronger sales than expected in the second quarter.

Very volatile, the title of the manufacturer of anti-Covid 19 vaccines, Johnson and Johnson dropped 0.34% while it climbed 1.2% in electronic exchanges preceding the opening.

Its net profit soared in the second quarter and the group expects the sale of 2.5 billion dollars of anti-Covid vaccines for the entire year.

Concerns around the spread of the Delta variant of the coronavirus remained relevant.

J & J's competitors fell like Moderna - whose market value has tripled this year - which plummeted almost 4% to $ 295.

Pfizer dropped 1% to 40 dollars.

Moderna had climbed a lot in recent days in anticipation of its entry on Wednesday in the S&P 500 index instead of Alexion Pharmaceuticals.

Netflix fell 2.75% to 516 dollars, after disappointing results announced Tuesday after the close of the stock market.

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

Its competitors Walt Disney and ViacomCBS gained 0.61% and 3.32% respectively.

In the bond market, the yield on 10-year Treasury bills rose slightly to 1.26% against 1.22% the day before.

© 2021 AFP