Market overview 2023-02-08

In the absence of significant news, the U.S. stock market continues to seek ideas for intraday fluctuations. In Wednesday's trading, such an idea was the presentation of unobvious search results from Google's new AI creation. Investors considered the presentation of a new product as a failure and began an active sale of the search giant's shares, while gently buying shares of its new competitor in this field - Microsoft Company. All this led to an overall decline of 1.7 percent in the main stock indices. The Communication sector was the main outsider of the trades.