New York (AFP)

The Wall Street Stock Exchange closed on a strong rebound on Monday, led by the tech sector and the Nasdaq finished on a record.

According to final results at the close, the Dow Jones gained 0.61% to 35,335.71 points.

The technology-intensive Nasdaq jumped 1.55% to 14,942.65 points, hitting a new record since August 5.

The S&P 500, up 0.85%, was a few fractions below its last record of 4,479.53 points.

The tech sector drove the rise.

Thus, Google (Alphabet) reached an all-time high at 2,821.99 dollars, up 1.92%.

Investors grabbed the bargains after the past week in which the market was depressed by the Delta variant and by the Fed minutes (US central bank meeting minutes) appearing to warn of a reduction in monetary support a little earlier than expected.

Depressed by the spread of the Delta variant and its possible impact on the economic recovery, the Dow Jones lost 1.11% over the week, the Nasdaq 0.73% and the S&P 500 index 0.59%.

In the bond market, the yields on 10-year Treasuries remained stable Monday at 1.25% as investors will watch the central bankers conference which is being held Thursday and Friday in Jackson Hole (Wyoming).

"We will have Jerome Powell's speech on Friday at the key Jackson Hole Monetary Policy Symposium, as markets continue to question the timing, size and magnitude of the decline in monthly asset purchases by the Bank. central, "Schwab analysts said.

However, several analysts like Briefing.com's Patrick O'Hare were unsure that there would be "action in Jackson Hole, but if there is, it is Jerome Powell who holds the key. ".

Last week, the markets were shaken by the publication of the minutes of the last meeting of the Fed in which the Monetary Committee envisages a decrease in its monetary support before the end of the year, a little earlier than expected.

On the macroeconomic level, the activity indices of the firm Markit were registered below forecasts at 61.2% for the manufacturing sector and 55.2% for services.

But the real estate market performed well last month, with a more than expected 2% increase in sales of second-hand homes.

Among the actions of the day, the Pfizer laboratory climbed 2.42% to $ 49.90 while its anti-Covid vaccine, developed with the German company BioNtech (+ 9.58% to $ 382.10) was fully approved Monday by the US drug authority, the FDA.

This full green light from the health authorities allows certain authorities to impose vaccination without fear of legal recourse.

After the decision of a California judge who called into question the independent status of the drivers of car reservation companies, Uber and Lyft at first had lost value.

But those stocks eventually ended up 2.60% and 2.94% respectively, as both groups intend to appeal.

Dow Jones heavyweights like Boeing (+ 3.16% to $ 219.40), oil major Chevron (+ 2.55% to $ 96.70) and semiconductor giant Intel (+2.35 % to $ 53.23) helped push the index up for its 2nd straight session.

Eight of the eleven sectors of the S&P concluded in the green, led by the energy sector (+ 3.77%) as oil prices rebounded.

© 2021 AFP