Market overview 2022-08-17

The US stock market demonstrated the corrective movement on the main stock indices on the new portion of the negative macroeconomic data, where the negative figures on the UK inflation were the leader, as well as on the expectations of the Chinese economic growth slowdown. The high-tech Nasdaq index suffered the largest loss of about 1.25 per cent. The S&P500 and Dow Jones indices fell less significantly, to within 0.75 points. The Communication Services sector was the evident outsider in the trading, while the Energy sector was the only one in the plus zone.