Market overview 2023-06-01

On the fact of the positive decision on the upper limit of the US government debt ceiling, as well as in the absence of significant macroeconomic negative news, market participants began to restore the previously realized positions on rather medium volumes. The main stock indices managed to close in the positive zone within 1.3 percentage points, while the uptrend did not look too stable and was exposed to sharp attacks of sellers. The Technology, Industrial, and Energy sectors were among the ones with the best dynamics. The Utilities sector seemed to be the obvious outsider of the trades.