Around 2:55 p.m. GMT, the Dow Jones gained 0.78%, the Nasdaq index gained 1.00% and the S&P 500 index appreciated by 0.85%.

"The main influence (in the market) this morning is bargain hunting," said Briefing.com's Patrick O'Hare in a note.

The rebound is emerging after what was the worst week of the year for Wall Street.

The S&P 500 remains in the red for three consecutive weeks, which followed a strong start to 2023 for equities.

"The markets fell a little too much, too fast," added Karl Haeling of LBBW, who recalled that a first flinch took place on Friday at the end of the session, the main indices relying on technical thresholds to resume. the height.

The ray of sunshine that caressed Wall Street was also explained by a lull in the bond market, inflamed over the past two weeks.

The yield on 10-year US government bonds stood at 3.90%, against 3.94% on Friday at the close.

For Karl Haeling, most of the recalibration relating to monetary policy expectations is now complete.

The New York market is now counting on at least three increases of a quarter of a percentage point in the key rate of the American central bank (Fed) by June.

"In a way, (investors) have priced in the worst possible scenario for the Fed as it is," said Karl Haeling, after being too optimistic at the start of the year about the path of inflation and monetary policy this year.

Although the week promises to be calm in terms of indicators, two ISM activity indices are nevertheless expected, one for the manufacturing industry on Wednesday, the other for the services sector on Friday, which should offer first information on the trajectory of the US economy in February.

In the table of values, the Seagen laboratory (+ 12.01%), at the forefront of innovative cancer treatments, soared after the Wall Street Journal reported on discussions for a possible acquisition by the giant American pharmaceutical company Pfizer (-1.02%).

Also in orbit, the railway company Union Pacific (+ 10.74%), which announced on Sunday the forthcoming departure of the general manager, Lance Fritz, whose alternative fund Soroban Capital Partners had claimed the head, against a background of poor performance at the last trimestre.

Supermarket chain Target (+1.27%) and customer relations IT specialist Salesforce (+0.80%) were wanted, with the two companies due to report results on Tuesday and Wednesday respectively.

Tesla was also picking up speed (+4.63%), before Wednesday's investor day, when the automaker is expected to make announcements.

More broadly, technology stocks benefited from the easing of bond rates, primarily the big names in semiconductors such as Broadcom (+1.60%), AMD (+1.33%) and Texas Instruments (+1, 26%).

Manchester United fell again (-7.38%), despite the victory of the first team in the English League Cup on Sunday.

Since its rise before the deposit of the offers of repurchase of the listed club in New York, mid-February, the action lost more than 20%.

© 2023 AFP