Market overview 2023-08-05

In the absence of significant news, the U.S. stock market began with the growth of quotations of major stock indices. Calm macroeconomic reports contributed to this increase and participants decided to pause in selling and look at a new batch of macroeconomic statistics to determine their further actions. The Financials and Communications sectors looked like favorites of trades, at the same time the Housing and Utilities sector was clearly lagging behind the general movement.