Market overview 2023-08-09

In Wednesday's trading U.S. stock market participants continued to reduce long positions amid the lack of significant news. Traditionally quiet August may be able to add food for thought to the macroeconomic statistics on the labor market - currently one of the main indicators of the Fed. Otherwise, the focus of trades is in the sector of Corporate reporting, which so far does not cause alarming expectations. Interest of sellers on Wednesday was mainly realized in the Technology and Communications sectors. Shares of the Energy sector, on the contrary, were in high demand from buyers.