Around 4:00 p.m. GMT, the Dow Jones advanced 0.63%, the tech-heavy Nasdaq climbed 1.22% and the S&P gained 0.73%.

Friday, reassured by a series of good macroeconomic indicators, including strong US retail sales, the Dow Jones had gained 2.15%, to 31,288.26 points, the Nasdaq index, 1.79%, to 11,452.42 points , and the broader S&P 500 index, 1.92%, to 3,863.16 points.

"Looks like Monday morning's action builds on Friday's market behavior which was a big part of reducing last week's losses," Patrick O'Hare of Briefing.com commented.

The Goldman Sachs bank, which announced its results before the opening of the market, created the surprise by posting a profit certainly halved in the second quarter but better than expected, in particular thanks to its brokerage activity.

Its title climbed 5.64% to 310 dollars.

The Wall Street firm posted a profit of 2.79 billion dollars, down 48%, for a turnover of 11.86 billion, down 23% but above the 10.88 billion forecast by analysts.

Brokerage activity was notably boosted on the side of bonds, currencies and commodities (+55%).

Bank of America was also gaining momentum (+3.10%), despite mixed quarterly results, its turnover benefiting from the rise in interest rates and the growth in loans granted to its customers, but its profit net down 34%.

Also in the banking sector, Citigroup continued to rise (+1.10%) after the announcement on Friday of sales and earnings above expectations, embellished by market activities and business services.

In another area Boeing took off (+ 3.48% to 153 dollars) after having registered a firm order for 100 models of the 737 MAX 10 by the American airline Delta Air Lines.

The order, which at the list price of the MAX 10 totals around $13.5 billion, comes as another sign of renewed airline confidence in the aircraft which had been grounded for months following two fatal crashes. .

Salvo of results

A flurry of corporate earnings was expected this week, starting with IBM after the close on Monday.

This will be followed, for the tech sector, by Netflix on Tuesday after the close, then Tesla on Wednesday and Twitter on Friday before the opening bell.

Also on the weekly list are Johnson and Johnson, Lockheed Martin and United Airlines among others.

In all, some 12% of S&P 500 companies are due to report quarterly this week.

On the indicators front, it is the real estate market, affected by the rise in interest rates which is making mortgage loans more expensive and slowing sales, which will be in the spotlight this week.

Investors will watch for data on building permits, construction starts and housing resales.

On the bond market side, ten-year rates were again tending to 2.99% (+2% compared to Friday) while investors believe less in a sharper rate hike from the Fed on 27 next July and therefore have fewer fears of recession.

According to CME Group calculations based on futures contracts, 70% of operators now believe that the (Fed) will raise rates by 0.75 percentage points, whereas in the middle of last week they expected 80% to bet on a one percentage point turn of the screw.

Members of the Fed's Currency Committee observed a traditional period of silence this week ahead of their July 26-27 meeting.

But across the Atlantic, Thursday was expected to see the first rate hike by the European Central Bank (ECB) in a decade.

© 2022 AFP