Market overview 2023-06-02

Friday trading session in the U.S. stock market was held in positive territory and lead to a rise in major stock indices by more than 2%. The participants were active in buying amid the decision on the 2-year stabilization of the increased level of US government debt ceiling, as well as outgoing macroeconomic data demonstrating a further slowdown in inflationary pressures both in the US and the EU. Speaking about the sectors, the Technology and Communications sectors are worth mentioning. Although, they showed less optimistic dynamics than the rest of the market, they managed to keep staying in positive territory by the end of the trading session.