New York (AFP)

Around 13:50 GMT, the Dow Jones gained 0.14% to 35,505.62 points.

The Nasdaq index, which includes a lot of technology stocks, was up 0.13% to 15,148.91 points and the extended S&P 500 index, 0.19% to 4,528.24 points.

The S&P 500 has just chained five straight sessions and climbed above 4,500 points on Tuesday for the first time since early September.

"We're taking a little break," commented Karl Haeling, of the LBBW bank, for whom "it's just consolidation after a good run over the past week".

However, "I think the general direction of the market remains on the rise," he added.

The ballet of corporate results continues on Wednesday, with the car manufacturer Tesla, expected after the market, before American Airlines, the manufacturer of industrial materials Dow or Snap, Thursday.

On track Tuesday after the close, Netflix was considered by several operators as a leading indicator of the results of technology and internet stocks, but also of the market's reaction to these publications.

The platform fell Wednesday (-2.25% to 624.63 dollars) at the start of the session despite results exceeding expectations and a net gain of subscribers (4.4 million) significantly higher than expected by analysts.

The market noted the prudence of the forecast for net earnings per share given by the group for the fourth quarter, quite significantly lower than expected (80 cents against 1.12 dollars).

"In recent years, it seems like tech stocks are going up before publications, and when they come out, they don't do much," said Karl Haeling.

In fact, even in decline on Wednesday, the Netflix title remained close to its record.

Aside from the results, the week is poor in macroeconomic indicators, but the rather gloomy context remains, with growth weakening, inflation that persists and energy prices that stubbornly rise.

"The market has swept away a lot of bad news and has not come down," argues Karl Haeling, who recalls that Wall Street is approaching the most profitable period traditionally, from November to April.

In the table of values, United Airlines did not benefit (-0.24% to 46.11 dollars) from better than expected quarterly results, marked by the rebound in air traffic in the United States during the summer.

The group expects its turnover to remain down 25% to 30% in the fourth quarter compared to 2019, but expects transmission capacity in 2022 to be 5% higher than in 2019 as well, before the pandemic.

Novavax unscrewed (-17.54% to 132.39 dollars) after the publication of an article on the Politico site affirming that the difficulties encountered by the American laboratory to develop its own vaccine against the coronavirus are greater than reported so far .

Also according to the article, Novavax is unable, for the moment, to meet the conditions for mass production of the vaccine.

In the aftermath of the Wall Street listing of the first bitcoin-linked index fund (ETF), the cryptocurrency universe continued to benefit from what is considered by many to be an important step in the popularization of virtual currencies.

The title of the cryptocurrency exchange Coinbase gained 2.33% to 312.74 dollars, while the famous fund that arrived Tuesday at the New York Stock Exchange accelerated sharply (+ 8.25%).

Bitcoin, around 2:00 p.m. GMT, broke its record of $ 64,870, reached in April, exceeding $ 65,000.

On the bond market, 10-year US government bond rates rose sharply, hitting 1.67%, before falling back to 1.64%.

© 2021 AFP