New York (AFP)
The New York Stock Exchange rebounded cautiously at the opening Tuesday after a sharp decline the day before caused by concerns about the fate of the heavily indebted Chinese real estate giant, Evergrande.
Around 2:00 p.m. GMT, the Dow Jones advanced 0.62%, the Nasdaq gained 0.45% while the S&P 500 rose 0.71%.
On Monday, the three Wall Street indices had fallen severely in the face of fears of contagion in the event of the promoter's bankruptcy: the Dow Jones had dropped 1.78% to 33,970.47 points, the Nasdaq, with a high technological concentration, 2.19% at 14,713.90 points and the S&P 500, 1.70% at 4,357.73 points, registering its worst session since May.
"The anxiety about the prospect of a bankruptcy of Evergrande triggering a systemic risk has subsided since yesterday," said Patrick O'Hare of Briefing.com.
"Many experts suggest that the Evergrande case is not comparable to that of Lehman Brothers and that there is information that the property developer plans to take responsibility," added the analyst.
The market remained cautious, its eyes also riveted on a meeting of the American Central Bank (Fed) which begins on Tuesday.
Investors are watching for clues as to the timing and pace of the reduction in monetary support although most analysts do not expect a firm announcement until November.
The issue of raising the US debt ceiling continued to capture the attention of investors.
By mid-October, the US state will be short of funding, raising fears of the specter of a default, never occurred in history.
A good indicator in the housing market in August was helping to restore confidence.
New housing starts in the United States picked up again in August (+ 3.9%) after plunging in July, and building permits also rose.
On the stock chart, Uber soared 7% to $ 42.60 after indicating that the company of car rental with driver and meal deliveries would be profitable as of this quarter, that is to say earlier provided that.
Covid vaccine maker Johnson and Johnson climbed 1.18% to $ 165.74 after claiming the effectiveness of a booster dose of its single-dose vaccine.
Anglo-Dutch group Royal Dutch Shell, which on Monday announced the sale to competitor ConocoPhillips of its assets in the American Permian Basin for $ 9.5 billion in cash, rose 4.46% to $ 40.71 at Wall Street.
ConocoPhillips advanced 2.21% to 58.35 dollars.
The VIX index, which measures volatility and is also called the "fear index", fell after tightening the day before and was around 23 points.
Yields on 10-year Treasuries were virtually flat at 1.31%.
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