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Wall Street welcomes the gradual resumption of the economic activity

The New York stock Exchange has steadily climbed Tuesday, demonstrating optimism in the face of the gradual recovery of economic activity, as illustrated by the partial reopening of the trading floor of Wall Street, and to the advancement of research on a vaccine against the Covid-19.

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the index feature, the Dow Jones Industrial Average rose 2.17% to 24.995,11 points, while the Nasdaq, in high coloring technology, has made 0,17% to 9.340,22 points. The S&P 500, which represents 500 largest companies of Wall Street, has gained 1.23% 2.991,77 points. During the session, and for the first time since early march, the Dow Jones rose above the threshold of 25,000 points and the S&P 500 above 3,000 points.

performance quickly welcomed by the american president, who wrote on Twitter: "there will be ups and downs but next year will be one of the best". For Peter Cardillo Spartan Capital Securities, the indices have been driven by three items on Tuesday: "the progressive reopening of the economy", "the hope of a vaccine by the end of the year or early next year" and "the re-opening of the floor of the New York Stock Exchange".

More tests to come

biotech american Novavax has notably announced on Monday the start of a clinical trial of a vaccine against the new coronavirus on 130 patients volunteers with first results expected in July. The pharmaceutical company Merck, for its part, indicated on Tuesday to have embarked on a collaboration with the International AIDS Vaccine Initiative (IAVI) for the development of a vaccine against the Covid-19.

investors continued to monitor the gradual lifting of the restrictions imposed at the height of the pandemic to limit its spread, symbolized on Tuesday by the partial reopening of the famous parquet floor of the New York Stock Exchange (NYSE). The governor of the State of New York Andrew Cuomo, wearing a mask like all those present in the room, for the occasion, rang the bell marking the opening of the session.

Slight increase in sales of new homes

The indicators of the day were rather encouraging. Consumer confidence improved slightly in may compared to April, according to the Conference Board's index, while sales of new homes in the United States are for their part divided by a very slight increase of 0.6% in April.

The Dow Jones has been particularly supported by the bond bank JPMorgan Chase (+7%) after about about his boss Jamie Dimon saying that at the current price, the action was "very profitable". On the bond market, the rate on 10-year u.s. debt rose, evolving to 2015 GMT to 0,6900% against 0,6591% Friday night.

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