PARIS (Reuters) – The New York Stock Exchange rose at the open as investors re-exposed themselves to risky assets after markets fell during Monday’s session.

In early trading, the Dow Jones index gained 233.88 points, or 0.60%, to 39,231.54 points, and the broader Standard & Poor’s 500 rose 1.13% to 5,296.00 points.

The Nasdaq Composite gained 1.53% or 251.17 points, to 16,618.029.

The poor July employment report in the United States triggered a wave of panic on the markets at the beginning of the week, with investors worried about the American economic slowdown.

The rebound in the yen has also contributed to increasing the price of a source of financing widely used by managers, triggering massive sales in order to cover commitments in the Japanese currency.

The low liquidity prevailing during the summer also helped to exacerbate market movements, but the S&P 500 is still up nearly 9.9% over the year, putting the extent of Monday’s decline into perspective.

The Bank of Japan also said it would not raise rates in the event of market turbulence, limiting the yen’s progress and reassuring investors who are once again increasing their exposure to risky assets.

In the absence of important indicators and before the Jackson Hole symposium, the major meeting of American monetary policy at the end of August, the attention of operators will once again turn to the results.

In stocks, Walt Disney fell 2.9% after beating expectations for its third-quarter results on Wednesday but reporting a decline in profits at its theme parks.

Airbnb fell 14.1% after it said it expected third-quarter revenue to fall short of expectations.

(Written by Corentin Chappron, edited by Augustin Turpin)

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