New York (AFP)

The New York Stock Exchange ended in the red on Monday, weighed down by the fall in values ​​in the technology sector and by an acceleration in sales movements at the very end of the session.

The Nasdaq, where the tech giants are concentrated, fell 2.55% to 13,401.86 points.

This is his heaviest drop in a session since mid-March.

Up for most of the day, the Dow Jones, which remained on three consecutive records, folded just before the close (-0.10% to 34,742.82 points).

The index of flagship Wall Street stocks, however, exceeded the threshold of 35,000 points for the first time.

The extended S&P 500 index dropped 1.04% to 4,188.43 points.

For JJ Kinahan of TD Ameritrade, "there is a kind of rivalry between value stocks (whose price is undervalued by the market but whose financial health is rather good, note) and growth stocks", start with the pillars of tech, whose prices have climbed in 2020 thanks to confinements but who have been slipping since the beginning of the year.

"There does not seem to be an end to this bitter struggle, at least in the short term," said Kinahan.

The market's attention should be focused this week on several indicators to assess the pace of the economic recovery in the United States.

The Labor Department will release the Consumer Price Index (CPI) for April on Wednesday.

In March, US inflation stood at 0.6% monthly and 2.6% over one year.

The same ministry will unveil the Producer Price Index (PPI) on Thursday, a measure particularly scrutinized as many large companies announced during the publication of their quarterly results that they would increase their prices because of the increase in the price. cost of raw materials.

Market players will also take note of the weekly figures for unemployment benefit claims on Thursday.

On Friday, the Commerce Department will release retail sales in April, the Federal Reserve will release the US industrial production report last month, and the University of Michigan will release its preliminary estimate on consumer confidence in May.

At the end of last week, the employment figures in the United States were disappointing with only 266,000 jobs created in April, far from the expected million.

Several large listed companies are also due to publish their quarterly results in the coming days, including the American video game giant Electronic Arts on Tuesday and Walt Disney Company, a member of the Dow Jones, on Thursday.

On Monday, the cosmetics company Coty fell 12.96% after announcing, before the opening of the stock market, a decline in sales in the first quarter due in particular to containment measures in Europe.

The Marriott hotel group, whose quarterly revenue was slightly below analysts' forecasts, lost 4.11%.

However, the company said it expected a rebound in demand thanks to progress in vaccination campaigns against the coronavirus.

© 2021 AFP