Wall Street, after a rebound session, ends up

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Wall Street, after a rebound session, ends up
AFP / Archives / Bryan R. Smith

Wall Street ended on a bullish trend Wednesday on the eve of a holiday, rebounding after two sessions of sharp decline thanks to a renewed vigor values ​​of technology and energy.

According to the final results at closing, the Nasdaq index, with strong technological color, gained 0.92% to 6,972.25 points.

The broad S & P 500 index gained 0.30% at 2,649.93 points.

The Dow Jones Industrial Average index ended almost unchanged at 24,464.69 points, weighted by the decline of Johnson & Johnson (-3.05%).

"Tuesday's session already signaled a rebound in technology stocks, which was confirmed on Wednesday," said Tom Cahill of Ventura Wealth Management.

The big tech groups Amazon (+ 1.42%), Facebook (+ 1.80%), Alphabet (parent company of Google, + 1.26%) advanced Wednesday.

"This shows that the portfolio managers are chasing bargains," added the specialist, referring to the two-digit dip shares of these companies since their recent peaks.

Stuck for a month and a half because of concerns about its end-of-year sales, Apple has however declined again (-0.11%) bringing its slide from its historic high in early October to nearly 23.8% .

The Bloomberg agency reported that the Chinese subcontractor of the brand Foxconn Apple is preparing to cut its spending to the tune of 20 billion yuan, or $ 2.9 billion.

This information has added to the lingering concerns surrounding the production levels of Apple's star product iPhone.

Companies linked to the oil industry benefited from a rebound in oil prices after a dip of more than 6% of prices: the oil majors Chevron and ExxonMobil took 1.27% and 0 respectively. , 77%.

After two sessions where the three Wall Street indexes fell by more than 1%, "investors are listening to optimistic assumptions: that the US Central Bank (Fed) is finally moderating its rate hikes, that the United States and China manages to resume its trade talks, and analysts change their minds after adopting excessively bloody behavior regarding corporate profit prospects, "said CFRA's Sam Stovall.

"If these assumptions materialize, the recent stock market falls could encourage investors to get back into the ring before the end of the year," he added.

The US 10-year debt rate was close to equilibrium around 9:25 pm to 3,063%, against a similar level on Tuesday at the end of the year, and that of the 30 year old rose to 3,316%, against 3,315% the day before .

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