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Market overview 2023-08-22

23.08.2023

On Tuesday the U.S. stock market  showed a mixed close for the major stock indices. The Dow Jones and S&P500 failed to stay in positive territory and declined within 0.5 percent under the pressure from the Energy and Financial sectors, while the technology NASDAQ, supported by the Communications sector, managed to show a minimal increase. The market is waiting for the report of NVIDA - the new flagship of the AI industry, on the basis of which, apparently, will try to make forecasts for the entire AI industry as a whole for the medium term. Moreover, the participants expect a new batch of statistics, in particular, the data on new home construction coming out today, on the basis of which they will make assumptions about the impact of inflationary pressures on the U.S. households.