New York (AFP)
The New York Stock Exchange indexes, which started May's first session in green on Monday, ended in scattered order, with industrials pulling the Dow Jones higher while the tech sector weakened the Nasdaq.
According to final results, the index of flagship stocks Dow Jones concluded up 0.70% to 34,113.23 points.
The technology-intensive Nasdaq lost 0.48% to 13,895.12 points.
The S&P 500 advanced 0.27% to 4,192.66 points.
Less than half of the eleven sectors of the S&P 500 were in the red, starting with consumer goods (-0.66%), communications (-0.39%) and information technology (-0.22%).
On the other hand, the energy sectors jumped (+ 2.91%) in the wake of the rise in crude prices, but also those of materials (+ 1.53%) and industries (+ 1.03% ).
"There was a modest underperformance of the Nasdaq" which concentrates more companies in the technology sector, "while cyclical stocks have performed well," noted Art Hogan of National Securities.
"I don't know if there was a determining factor. If you look at the economic news, the manufacturing activity index has turned out below expectations, even though it is strong, showing a higher level of expansion. at 60% for the fourth month in a row, ”added the analyst.
The ISM Purchasing Managers Index released on Monday stood at 60.7%, down 4 points from March.
It is also much lower than the expectations which counted on a small increase, to 65.3%.
An index greater than 50% means that the activity is expanding.
The calendar of corporate results will be a little lighter this week after the salvo of the previous week which had seen triumphant numbers for "Gafa" (Google, Amazon, Facebook and Apple).
So far, 87% of S&P 500 companies reporting their quarterly results have beaten analysts' earnings forecasts by almost 20%, noted Art Hogan of National Securities.
On Tuesday the Pfizer laboratory will publish its quarterly results, followed by General Motors (GM) and Uber on Wednesday.
On the front of indicators, investors will watch the official employment figures for April on Friday, after a first estimate Wednesday of job creation in the private sector, by the ADP survey.
Among the stocks of the day, the telecommunications operator Verizon gleaned 0.22% after announcing that it was selling its media branch, resulting from the acquisitions of Yahoo and AOL, to the investment fund Apollo for a total of $ 5 billion.
Cosmetics group Estée Lauder lost almost 8% despite rising sales thanks to skincare products.
Makeup sales, weighed down by the pandemic, were disappointing, however, and sales fell below analysts' expectations.
Berkshire Hathaway shares climbed 1.54% after billionaire Warren Buffett announced to CNBC the name of his successor, Greg Abel, at the head of the huge holding when Mr. Buffett leaves office.
Yields on 10-year Treasuries edged up to 1.60%, as a senior US Central Bank official - New York Fed Chairman John Williams - held further reassuring remarks on inflation, affirming that one should not "overreact" to the current rise in prices.
© 2021 AFP