The Dow Jones rose 2.51% to 34,058.75 points, the Nasdaq index, with strong technological coloring, gained 1.64% to 13,694.62 points, and the broader S&P 500 index, 2.24% at 4,384.65 points.

Thursday, Wall Street had made an about-face during the session and resumed the upward path, especially in the wake of technology stocks.

“Today, we had the continuation” of this “general upward movement”, explained Tom Martin, of Global Investments, “but it is the stocks of values ​​which are doing better and the Nasdaq is not doing as well”.

Value stocks are securities that are considered cheap or priced below their fundamental value.

They often belong to traditional sectors of the economy, whereas so-called growth stocks, an alternative to "value stocks", are frequently located in the world of technology in the broad sense.

Friday, the Dow Jones was thus propelled by some of the less glamorous companies of the dimension like the health insurer UnitedHealth (+4.36%), the industrial group 3M (+4.74%) or the oil company Chevron ( +4.10%).

The momentum also benefited the heavy industry sector, such as steelmakers US Steel (+10.47%) and Cleveland-Cliffs (+10.88%).

The logic of the last two days on Wall Street?

"When the tanks start to move, that's when you have to buy," slips Tom Martin.

As for the consequences of this war, investors considered the sanctions imposed on Russia insufficient to disrupt American growth and viewed rather favorably, according to Peter Cardillo of Spartan Capital, the proposal of Russian President Vladimir Putin to start talks with Ukraine.

"There are rumors that it will be over soon," says Tom Martin, "which is positive for the market. I don't understand how anyone can believe that."

Investors were also rather encouraged by some good US macroeconomic indicators, notably durable goods orders above expectations in January and an increase in household consumption also above forecasts.

"You can't really predict what's going to happen in Ukraine," commented Tom Martin, "but you can see what's happening in the (US) economy. And it's still pretty good."

"It's a nice rebound, but I still think that until there is real clarity on what Russia is going to do in Ukraine, we have to remain optimistic, but cautious," concluded Peter Cardillo.

On the rating, after having melted by more than 40% Thursday, the "Russian Google" Yandex, listed on Nasdaq, still dropped 6.79% Friday, to 18.94 dollars.

The Russian online trading platform Ozon, also listed in New York, also continued its slide (-8.16% to 11.60 dollars).

© 2022 AFP