Market overview 2023-08-31

The U.S. stock market showed rather quiet trades at the last summer trading of this year. Only high-tech NASDAQ managed to show a slight growth of about 0.1 percent due to the Technology and Communications sectors. The market was mainly pressured by the Healthcare and Utilities sector, which drove the broad market index S&P500 and the blue-chip Dow Jones 30 index into negative territory within 0.5 percent. The market is entering September, the last month of the fiscal year, where large and mid-sized participants often lock in some of their accumulated gains.