The Dow Jones starts up 4.84% to 22,070.87 points.
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Wall Street opened sharply higher Monday, a glimmer of hope on the forehead of the coronavirus seeming to animate the market even if prudence remained in order.
Around 2:55 p.m. GMT, its flagship index, the Dow Jones Industrial Average, rose 4.84% to 22,070.87 points.
The highly technological Nasdaq gained 4.49% to 7,704.26 points, and the broad S&P 500 index appreciated 4.64% to 2,604.31 points.
The New York Stock Exchange had ended in the red Friday after a sharp rebound in the unemployment rate in the United States: the Dow Jones had yielded 1.69%, recording a strong weekly decline, just like the Nasdaq, which had lost it 1 , 53% during the last session of the week.
Investors were moderately reassured on Monday by the first slowdown in deaths linked to the pandemic in Europe as well as by the drop in the number of deaths in New York on Saturday compared to the previous day.
The director of the National Institute of Infectious Diseases, Anthony Fauci, spoke to him of “stabilizing” mortality in the United States.
“All of this is to be taken with a grain of salt, but in an environment where pessimism and the darkest predictions reign supreme, it is a change in your welcome,” observes Patrick O’Hare of Briefing.
In the United States as in the rest of the world, specialists recalled however that the health crisis was far from being under control.
The federal administrator of public health services in the United States also warned Sunday that this week could be “a moment like Pearl Harbor, like September 11, except that it will not be localized.”
Other observers justified the rebound at the start of the session on Monday by the first effects of measures taken by the federal government and the Federal Reserve to support the US economy.
“With the new fiscal policy and the ultra-aggressive Fed monetary policy in place, investors will be better equipped to face the tsunami of bad news that awaits us in the short term,” writes Art Hogan of National Holdings in a note. .
In the bond market, the 10-year rate on the US debt was up, standing at 0.6478% against 0.5948% on Friday at the close.
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