New York (AFP)

The New York Stock Exchange concluded in the green Thursday for the third straight session after a hesitant start to the session and a scare at the start of the week.

According to final results, the Dow Jones index has gleaned 0.07% to 34,823.35 points.

The Nasdaq, with strong technological coloring, took 0.36% to 14,684.59 points and the extended S&P 500 index 0.20% to 4,367.48 points.

Wall Street had started hesitantly after disappointing weekly employment figures, as jobless claims rose unexpectedly to 419,000 from the 360,000 expected.

But a salvo of positive business results and especially the rather confident projections of business leaders reassured investors.

"With news that is not necessarily good news, such as the increase in Covid cases or a disappointing employment figure, we finally see what the market wants," commented Gregori Volokhine of Meeschaert Financial Services.

"One thing investors fear is that overheating will lead to inflation," he added.

"And if the Covid remains important, if the employment figures are not as good as we would like, it is not a carrier of inflation", therefore it is favorable for the market, summarized the analyst.

The earnings season continued to be in full swing with positive accounts even though they were not always praised by investors.

American Airlines reported quarterly net profit for the first time since the start of the pandemic, reflecting the return of passengers as the vaccination campaign progressed.

The company earned $ 19 million from April to June after taking a net loss of $ 2.1 billion around the same time last year.

Despite this return to profits, American Airlines lost 1.12%, taking in its wake Delta Air Lines (-1.32%) and United Airlines (-0.31%).

US group Dow, which manufactures materials and products for industrialists, rose 1.26% after reporting strong demand for its products and quarterly profit nearly doubling from the previous quarter to $ 1.9 billion .

"What is encouraging is that most companies have made positive or cautious forecasts," noted Mr. Volokhine.

"All the problems that business leaders see are only temporary, such as bottlenecks or difficulties in hiring labor," problems which do not signal overheating.

The stock markets were still scared on Monday, recording their worst session of the year amid fears that the Delta variant would jeopardize the global recovery while sparking inflation: "The atrocious ghost of the stagflation, that of inflation in a declining economy, ”said Mr. Volokhine.

After the close Thursday, Twitter, highly praised in electronic exchanges (+ 6.06% to 73.78 dollars), announced an increase of 11% of its daily users to 206 million accompanied by a jump in its turnover. business in the 2nd quarter.

Domino's Pizza made investors salivate, climbing 14.55% to $ 538.82, a record for the title, after sales that skyrocketed in the second quarter thanks to the delivery habits taken by consumers and its novelties like cheeseburger or chicken taco pizzas.

Yields on ten-year Treasuries were down slightly to 1.2749% from 1.2884% the day before.

© 2021 AFP