Börse Express – New York Stocks Conclusion: Initial momentum dried up

The US stock exchanges lost momentum on the first day of trading in June after a strong start. The Dow Jones Industrial gained almost one percent after the long weekend, but the joy of the significant price gains did not last long. The leading index crossed the finish line only slightly with 0.13 percent plus at 34 575.31 points.

The Wall Street barometer did a little better than the other New York indices, which had just slipped into the red. The market-wide S&P 500 lost 0.05 percent to 4202.04 points. The Nasdaq 100 selection index, which is shaped by technology stocks fell by 0.23 percent to 13,654.59 points.

At the beginning of the market it was said that in view of the ongoing corona vaccination campaign and the associated easing, investors apparently continued to trust in a significant economic recovery. A brighter mood in US industry later underscored this optimism, but then quickly reminded investors of their concerns that the US Federal Reserve, with its previously extremely loose monetary policy, could be forced to take countermeasures. / Tih / men

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0328 2021-06-01/22:23

Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.

– .