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Market overview 2023-07-14

17.07.2023

The growing week on the US stock market ended with a quite natural correction in the absence of significant macroeconomic news. Friday's reports of the largest banks were generally positive, but paying attention to the high price values of shares and continuing uncertainty about inflation expectations, participants preferred to slightly reduce their long positions ahead of the weekend. The Energy sector saw the biggest selling pressure, while the Consumer and Healthcare sectors managed to stay in the green zone.