Market overview 2024-04-25

Under the selling pressure of the Communications sector, led by its flagship META, which gave overly cautious forecasts of its profitability for the rest of the fiscal year, the main US stock indices showed negative dynamics, falling within 1 percentage point. A new batch of reports coming out today, as well as macroeconomic inflationary data, may change the participants' moods dramatically, as well as exacerbate them. The heavy selling of the Technology sector in recent days has weakened its fundamentals quite a bit, while at the same time, the increased amount of cash assets on participants' hands contributes to the emergence of sharp bullish attacks.