Market overview 2022-11-02

After the Fed's expected 0.75 basis point interest rate hike, the market received a new batch of comments from the Fed that the rate hike cycle would last longer than previously anticipated. This news triggered a new wave of sell-offs, which offset a new round of good corporate reporting. The Consumer Goods & Information Technology sectors looked worse than the market, while the Financial and Health Care sectors managed to remain relatively stable.