The US stock exchanges fell slightly from the record highs

After new, overall mixed economic figures, the indices on the US stock exchanges fell slightly on Thursday from the record highs that were recently reached in some cases. Among other things, initial jobless claims fell to their lowest level since March 2020 and industrial production in June fell slightly short of expectations. Market participants were worried about the spreading corona pandemic as a mood damper. It could mean interference for the actually firmly expected global opening of economic life. "We are losing time," warned Francis Collins, director of the National Institutes of Health, on CNN in view of the slowing pace of vaccination in the United States. In addition, the actors also worried about the high inflation rates, which could also have a negative impact on economic growth. The market has recently priced in a perfect development, which is now getting cracks, commented market expert Derek Halpenny from MUFG. The risk appetite has definitely decreased. The Dow Jones index was 34,987 points, up 0.2 percent from the day. The other indices fell, the Nasdaq indices the strongest with 0.7 percent to 14,794.69 points. The S&P 500 also lost 0.3 percent and ended up with 4,360.03 points. According to initial information, there were 1274 (Wednesday: 1413) course winners and 2039 (1890) losers on the Nyse. 129 (128) titles closed unchanged. The fact that US Federal Reserve Chairman Jerome Powell had again rejected speculations the previous day about a faster tightening of US monetary policy, despite the high inflation rates, was no longer supportive. In addition, he stressed before the Senate Banking Committee that the current inflation is "uncomfortably" above the level that is compatible with the goals of the US Federal Reserve. The yields of US bonds, which had already given way the day before after the Powell statements, plummeted further. The market said that falling interest rates showed that the US Federal Reserve was being taken at its word. In addition, participants also spoke of the abundant liquidity who are looking for investments in an environment of very low global interest rates. The dollar stabilized despite the further decline in interest rates after its setback from the previous day. The dollar index rose by 0.2 percent and the euro was recently just over 1.18 dollars.