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Market overview 2024-02-13

14.02.2024

Tuesday turned out to be a rather active selling day on the U.S. stock market, which led to a decline in the main stock indices within 1.8 percentage points. The main factor in the decline was the data on consumer inflation, which came out slightly worse than expected, showing a greater growth. Together with market participants' fears about the beginning of the period of rate cuts, as well as taking into account the fact that indices are at their historical peaks, the stock players decided to fix a part of the accumulated profits. The pace of sales and their certain randomness, as well as the relative strength of quotations of the largest companies speaks more likely about local correction but the nervousness of market participants can develop this corrective movement.