New York (AFP)

The New York Stock Exchange concluded Friday on record, a decisive rebound after the malaise of Monday, which allows to post a new weekly gain, the fourth in five weeks.

According to final results, the Dow Jones index gained 0.68%, exceeding for the first time in closing the threshold of 35,000 points, to 35,061.55 points.

The Nasdaq, with strong technological coloring, gained 1.04% to 14,836.99 points and the extended S&P 500 index, 1.01% to 4,411.79 points.

After the scare of Monday when the indices had experienced the worst session of the year due to fears of the economic impact of the Delta variant, Wall Street finally posted weekly gains.

Over the week, the Dow Jones is up 1.09%, the Nasdaq 2.84% and the S&P 500 2.02%.

"The resilience of the market continued after concerns (...) at the start of the week when we thought we might have reached a peak in economic growth," said Schwab analysts.

For Marris Ogg of Tower Bridge Advisors, "corporate results have driven stock prices higher."

"It is encouraging to see that we are reaching new records in the middle of the results season," added the portfolio manager.

On the eve of a Fed monetary meeting next week, worries about the persistence of inflation, which had also worried the markets, have calmed down a bit.

"Obviously, Treasury bills don't show us that we're going to have inflation," notes Marris Ogg as the yields on 10-year US debt have remained stable at 1.27%.

"Most companies seem to tell us, other than Intel, that supply chain bottlenecks," which cause price hikes in particular, "are going to subside in the next four to five months," he said. added the specialist.

Among the quarterly results of the day, American Express (+ 1.33%), a member of the Dow Jones, saw its turnover jump by 33% in the second quarter, after five consecutive quarters of decline, thanks to the resumption of purchases of consumers.

- Chinese stocks in turmoil -

On the tech side, Snap jumped 23.90% to $ 78.02 after announcing a stronger than expected increase in daily users of the Snapchat application the day before, to 293 million.

This performance and that of Twitter (+ 3.05%) has spread to other social networks like Pinterest (+ 5.78%) and Facebook (+ 5.30%), which will announce its results next week.

Several actions of Chinese groups experienced a new session of turmoil as Beijing toughens its regulatory action against, in particular, the country's companies listed abroad.

The "Chinese Uber," Didi fell 20.98% to $ 8.06 as Chinese regulators plan to take exemplary sanctions against the start-up, including a record fine.

This comes after Didi raised $ 4.4 billion when it joined the New York Stock Exchange at the end of June, which Beijing was not in favor of.

E-commerce giant Alibaba, itself the target of a € 2.3 billion fine in April, lost 3.51% on Wall Street to $ 206.53.

In the short term, this pressure from Beijing to tighten foreign listing conditions for its companies in a context of growing rivalry with the United States, "means that China will do less business with the United States and vice-versa. versa, ”noted Marris Ogg of Tower Bridge Advisors.

"It is certainly not a plus".

© 2021 AFP