Market overview 2024-05-17

Friday's trading on the US stock market was held with insignificant changes on average trading volumes. The Energy sector was in more noticeable demand, while the Technology and Real Estate sectors were under a slight selling pressure. The Financials sector is almost finished and it is macro statistics and interest rate expectations that come back into play. The cost of servicing US debt is rising at an accelerated pace, which gives a reason to expect more confident rate cuts this year.