At 4:00 p.m. GMT, the Dow Jones gained 1.05%.
The Nasdaq climbed 1.37% and the S&P 500 1.27%.
Monday, after starting in the green, the Dow Jones index was down 0.69% to 31,072.61 points.
The Nasdaq, with strong technological coloring, had dropped 0.81% to 11,360.05 points and the S&P 500, 0.84% to 3,830.85 points.
The session started in the green "as Wall Street assesses a salvo of corporate earnings reports as well as new data on the housing market", noted analysts at Wells Fargo.
“A day before, stocks that had risen in early trading ended lower as worries about inflation and a looming recession eclipsed mostly upbeat bank earnings,” they said.
Investors were not deterred by worrying data from the property market, which is very sensitive to rising interest rates, where housing starts in June fell 2% to a nine-month low. .
On the corporate results front, the American laboratory Johnson & Johnson (+0.58%) unveiled second quarter figures above expectations even if the rise in the dollar against other currencies affected its sales and annual forecasts. .
The group has thus lowered its forecast for annual results highlighting "the strengthening of the dollar" in particular against the euro.
IBM fell by 6.79% after having announced the day before after the close of the market better than expected results.
The group also admitted that the strong dollar had a significant impact on its financial performance.
"Exchange rates have cut our revenues by 6 points of growth, or $900 million," noted James Kavanaugh, Chief Financial Officer.
Currency exchange rates also weighed on US toymaker Hasbro in the second quarter as the group seeks to ensure its products will be on shelves for Christmas.
Over the three months from April to June, the strength of the greenback cost the manufacturer of Magic cards, Play-Doh modeling clay and Transformers and My Little Pony figurines $32.7 million.
The title rose by 0.48% while earnings per share were still well above analysts' expectations.
Volatile market
The defense group Lockheed Martin (-2.27%) lowered its annual forecast after reporting results affected in the second quarter by lower production of F-35s and weighted by charges linked to a retirement agreement.
Market volatility remained in play, Schwab analysts said, "as investors fret over a possible global recession linked to rising interest rates."
Others pointed out that the stock market had been deserted for several months, particularly by institutional investors, which increased price variations.
Twitter action was picking up again (+1.00%) as its lawyers will face off on Tuesday with those of Elon Musk, the boss of Tesla (+0.56%), in Georgetown, Delaware, during a preliminary hearing in an unprecedented legal battle between the richest man in the world and the social network, determined to be redeemed by his defender.
At almost 39 dollars, the title of Twitter returned to its level of early July, when it had plunged to less than 33 dollars after the withdrawal of the wealthy entrepreneur.
The hearing of the day must address the question of the date of a possible trial.
In the money market, rates on 10-year Treasury bills were stable at 2.97% but those on 2 years remained above 3.15%, an inversion of the curve generally characterizing the risk of an upcoming recession. .
© 2022 AFP