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US Stocks fall on monetary policy tapering woes

The US stocks market finished session lower on Thursday, 03 June 2021, weighed down by profit booking amid renewed concerns about the Federal Reserve potentially shifting monetary policy after raft of upbeat data indicated a strong economic rebound is underway. At the close of trade, the Dow Jones Industrial Average index fell 23.34 points, or 0.07%, to 34,577. The S&P 500 index dropped 15.27 points, or 0.36%, at 4,193. The tech-heavy Nasdaq Composite Index declined 141.82 points, or 1.03%, to 13,615. Total 6 out of 11 S&P 500 sectors closed down, with consumer discretionary (down 1.22%) was worst performer, followed by information technology (down 0.91%), communication services (down 0.73%), industrials (down 0.29%), and real estate (down 0.2%) sectors. Utilities (up 0.52%) sector was top gainer, followed by and consumer staples (up 0.51%), healthcare (up 0.4%), and energy (up 0.31%) sectors.

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