Market overview 2023-04-20

Continued statements by U.S. Federal Reserve officials on the need for further interest rate hikes, based on elusive data on labor market strength and ignoring increasingly visible recessionary processes in state economies, as well as growing fears about the rise in the external debt ceiling, which the Republican Party is resisting, caused investors to reconsider their risk appetites, causing the market to sell, which lowered major stock indices by up to one percentage point. The most notable selling was seen in the Energy and Real Estate sectors.