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Market overview 2023-09-20


On Wednesday market participants at the U.S. stock trades preferred to continue fixing profits after the Fed's statement on the unchanged discount rate. Perhaps the participants got some negativity at the Fed press conference, where its head stated quite unambiguously that the cycle of rate hikes cannot be considered over and the Fed is closely monitoring the development of the situation, considering the labor market to be strong and inflation - unacceptably high. As for the sectors, the Technology and Durable Goods sectors were the outright outsiders.