Wall Street bounces and ends up

Finance Trading

Wall Street finished higher Tuesday, helped in its rebound after several difficult sessions by the hope of easing trade tensions between Washington and Beijing and results of well-received companies.

The leading New York index, the Dow Jones Industrial Average, gained 0.43% to 25,415.19 points.

The Nasdaq, with strong technological coloring, appreciated 0.55% to 7,671.79 points after losing more than 1% in each of the previous three sessions.

The broad S & P 500 index gained 0.49% at 2,816.29 points.

After three rounds of downswing, “the market has tested how far we can get down” and “has successfully managed (Tuesday) to bounce back,” commented Sam Stovall of CFRA. “It could just be a rebound of relief and we have to see if it will be confirmed tomorrow,” he added.

The indices were helped Tuesday by the positive reception given to the results of some big names of the rating, like the manufacturer of household products and hygiene Procter and Gamble (+ 0.85%) and the Pfizer pharmaceutical laboratory (+ 3.47%), two members of the Dow Jones.

After the close were expected the figures of Apple (+ 0.20%).

The indicators for the day were also encouraging, between the rise in spending and household income of 0.4% in June, the slight strengthening of consumer confidence in July or the surprise rise in July of economic activity in the region. from Chicago.

The market rebound was also fueled by Wells Fargo analysts by “press reports of an attempt to resume talks between the United States and China to avoid an escalation of their trade battle.”

According to Bloomberg News, quoting sources close to the case, US Treasury officials are engaged in “private talks” with Chinese Vice Premier Liu He’s services to reopen stalled trade talks since several weeks.

Treasure Secretary Steven Mnuchin had already reported last week “quiet conversations” with China adding that Washington was “ready” for dialogue if Beijing intended to “seriously negotiate an agreement.”

The bond market was easing: the yield on the US 10-year debt declined to 20:15 GMT to 2.957%, against 2.973% Monday at the close, and the 30-year yield to 3.079%, against 3.105% the day before.

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