NEW YORK (dpa-AFX) – The US stock exchanges quickly lost momentum on the first day of trading in June after a strong start. The Dow Jones Industrial after the long weekend it only rose by almost one percent, but then trade quickly flattened out. Most recently, the leading index rose by 0.28 percent to 34,626.12 points. The market-wide S&P 500 
remained with a plus of 0.11 percent at 4208.88 meters.
The market said that in view of the rapidly advancing corona vaccination campaign combined with easing, investors apparently continued to trust in a significant economic recovery. A further brightening of sentiment in US industry underscored this optimism, but then quickly reminded investors of the associated concerns that the US Federal Reserve could be forced to act with its hitherto loose monetary policy.
The waning momentum in technology stocks was even more evident. The Nasdaq 100 selection index coined by them turned after a friendly start with 0.15 percent in the red, most recently he stood at 13,665.35 points.
– .
