NEW YORK (dpa-AFX) – The most important US stock exchanges went out of trading with losses on Thursday. Current economic data signaled good news for the US economy, but they also increased investors’ concerns about inflation and interest rates. Reports that US President Joe Biden is satisfied with a corporate tax below 28 percent only temporarily improved the mood.
Der Dow Jones Industrial lost 0.07 percent to 34 577.04 points. The market-wide S&P 500 
fell 0.36 percent to 4192.85 points. The tech-heavy Nasdaq 100 even fell by 1.07 percent to 13 529.68 points.
According to analyst Sophie Griffiths from broker Oanda, investors are worried about a surge in US economic data. The private job report of the service provider ADP, which sent strong signals for the official labor market report on Friday, has already been published. The highly regarded ISM purchasing managers’ index for the service sector was also strong.
According to the ADP report, the US private sector created nearly a million jobs in May, significantly more than experts expected. The market said that this would increase the pressure on the US Federal Reserve to restrict its monetary policy, which has so far been extremely loose. In addition, international trade policy played a role again. It was pointed out that US President Joe Biden is considering a US ban on investments in companies related to the Chinese military.
Shares in traditional automakers rose sharply. General Motors (GM) gained a good six percent and Ford a good seven percent. GM was optimistic about the year as a whole and announced increasing deliveries to customers in the USA and Canada. Ford had increased sales in the United States by a good four percent in May. However, titles from the electric car maker Tesla slipped by more than five percent.
Ciena jumped a good seven percent after the publication of quarterly figures. The network specialist had made more profit than experts had expected. In addition, the decline in sales was not as pronounced as feared on the market.
AMC, Gamestop, Bed Bath & Beyond and Blackberry, popular among investors connected via networks on the Internet, continued the sharp price fluctuations of the previous days. In the end, AMC lost almost 18 percent to $ 51.34. The daily low was $ 37.66 and the daily high was $ 68.80. On Wednesday the trading range was even larger.
The Euro held above $ 1.21 and was last at $ 1.2130. The European Central Bank (ECB) set the reference rate at 1.2187 (Wednesday: 1.2186) dollars. The dollar cost 0.8205 (0.8206) euros.
US bonds fell. The futures contract for ten-year treasuries (T-Note-Future) fell by 0.27 percent to 131.60 points. The yield on ten-year bonds was 1.628 percent.
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