Market overview 2023-08-30

Wednesday on the U.S. stock market produced a fairly calm trading session, closing with gains within 0.55 percent on the major stock indices. Buying was going on a broad front and only the Healthcare and Utilities sectors failed to stay in the positive zone and slightly declined by the end of the trading session. Macroeconomic statistics, released on Wednesday, somewhat reassured the participants regarding further negative prospects for a rate hike - according to them, the economy is smoothly cooling, which, according to the participants, will be an additional incentive to slow down inflationary processes. Stimulating policy of China is also considered by the participants as an additional positive process.