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Market overview 2023-04-27

28.04.2023

The next batch of corporate reports caused the main US stock indices to switch to a more dynamic growth in Thursday's trading, leading them to close positively in the range of 2.5 percentage points. The majority of corporate reports exceeded expectations, reducing participants' pessimism about the U.S. economy's prospects for the next several quarters. However, it should not be forgotten that the basis of pessimistic sentiment, related to the changes in the Fed's discount rate, the sovereign debt ceiling and the ability of the American economy to withstand the new geopolitical challenges, has not gone anywhere, and this bounce may be just a single closing of short positions, rather than a sign of sentiment change by the traders. The Communication sector was the clear favorite among the sectors, led by a strong META report