New York (AFP)

The New York Stock Exchange started the first session of May in the green Monday after a mixed week despite the good results of the big names in tech.

Around 2:10 p.m. GMT, the Dow Jones advanced 0.78%, the Nasdaq rose 0.35% and the S&P 500 gained 0.53%.

The Dow Jones Industrial Average fell 0.54% to 33,874.85 points on Friday.

The Nasdaq, with strong technological coloring, fell 0.85% to 13,962.68 points.

The S&P 500 had yielded 0.72% to 4,181.17 points, the day after a record.

“As stocks traded lower on Friday, the typical scenario is that market participants will buy as prices are lower,” said Patrick O'Hare of Briefing.com.

"Today is the first session of the new month and it usually leads to further injections of liquidity, especially when interest rates are low and the market trend has been rather bullish so far," judged the analyst.

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, having announced their quarterly results, have beaten analysts' forecasts for earnings 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 shares of the day, telecommunications operator Verizon gained 0.80% after announcing that it was selling its media branch, resulting from the acquisitions of yahoo and AOL, to the Apollo investment fund for a total of 5 billions of dollars.

Cosmetics group Estée Lauder lost 5.27% despite rising sales thanks to sales of skincare products.

Makeup sales, weighed down by the pandemic, were disappointing, however, and sales fell below analysts' expectations.

All sectors of the S&P 500, except real estate, which fell slightly, were on the rise, starting with energy (+ 1.99%) and materials (+ 1.25%).

Berkshire Hathaway shares climbed 1.83% 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.

© 2021 AFP