Market overview 2023-08-29

The Technology and Communications sectors took the lead in the U.S. stock market once again. Having opened in the "green" zone, the main U.S. stock indices managed to show a growth within 1.75 percentage points at the closing. Positive movements in China, aimed at supporting the national stock market, good news from the crypto market, stable corporate reporting, are probably the main factors of yesterday's optimistic surge. However, we should remember that the market is entering September - traditionally one of the toughest months for stocks (end of the fiscal year, funds' desire to lock in profits) and not pleasant surprises from the market are still to be expected.