Stocks New York End: Initial momentum dried up | message

NEW YORK (dpa-AFX) – The US stock exchanges lost momentum on the first day of trading in June after a strong start. The Dow Jones Industrial (Dow Jones 30 Industrial) only rose by 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 counters. The NASDAQ 100 selection index, which is shaped by technology stocks, fell 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 sentiment in US industry later underscored this optimism, but then quickly reminded investors of their concerns that the US Federal Reserve, the Fed, had been loosening up with its so far extremely relaxed Monetary policy could be forced to take countermeasures./tih/men

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