New York (AFP)

The New York Stock Exchange started without direction Friday, the technology sector observing a decline after the sharp rise of the day before carried by new accommodating remarks of the boss of the Fed.

At 2:00 p.m. GMT, the Dow Jones advanced 0.25%, the S&P 500 gleaned 0.17% but the Nasdaq dropped 0.21%.

On Thursday, the indices had concluded in the green, the S&P 500 on a record, at 4,097.16 points, up 0.42%.

The technology-intensive Nasdaq jumped 1.03% to 13,829.31 points and the Dow Jones advanced 0.17% to 33,503.57 points.

During a discussion at IMF meetings, the president of the US Central Bank once again insisted that the recovery was "incomplete".

He reiterated that the institution's purchases of treasury bills, to support the recovery and keep interest rates low, would continue until there is "substantial progress".

On Friday, trade was mixed at the start of the session "exactly the opposite of what they were the day before", while large caps in the tech sector "have hiccups," said Patrick O'Hare of Briefing .com.

Apple and Alphabet (Google) lost around 0.30% shortly after opening.

Boeing dropped 1.30% after further setbacks on the 737 MAX, the aircraft model that had been suspended from flight after two fatal accidents.

The American aircraft manufacturer announced on Friday that it had asked 16 companies operating unnamed 737 MAXs not to fly them, the time to resolve "a potential electrical problem".

Among the indicators, the producer price index for March jumped 1% over one month, well above forecasts which were + 0.5%, as in February.

Even excluding the volatile energy and food prices, the increase is 0.7% against + 0.2% the month before.

Year on year, wholesale prices advanced 4.2%.

Bond yields on 10-year Treasuries edged up to 1.66% from 1.62% the day before.

Levi Strauss shares climbed 5.28% after better than expected results in Q1.

© 2021 AFP