Market overview 2024-05-30

The fall of the Technology and Communications sectors in the US stock trading on Thursday reduced the main stock indices within 1 percentage point, despite the fact that the rest of the sectors showed an upward movement. The "skew" in the indices in favor of the "Big Seven" stocks, representing exactly these two sectors, prevents an objective assessment of the participants' moods by distorting the index movements. The trading volume remained at rather average levels. Participants focused on inflation expectations to decide on the direction of movement for June.