Market overview 2024-04-16

The participants made some pause in selling at the Tuesday's stock trades, focusing on the words of the Head of the Federal Reserve System that the concerns about inflationary pressures are not removed and no one is going to hurry to reduce the rate, but no one is going to consider a possible increase in the rate at the moment. The market hears the regulator's words about a strong economy and realizes that strong economy consists of strong corporate reports, which have already started to come out. As for the sectors, we can note the Technology and Healthcare sectors, which have clearly seen some buying. The Real Estate is under clear pressure on the back of poor building permits data.