Market overview 2023-05-31

In the last trading session of spring US stock market participants continued cautious selling, which they started from the beginning of the trading week. Partly, these sales are connected with the desire of locking in profits, and partly under the pressure from ambiguous macroeconomic data from the labor market, which raise fears about another possible round of Fed interest rate hike in June this year. The main sales among sectors were in the Energy and Technology sectors, while the Health Care and Real Estate sectors, on the contrary, managed to keep positive dynamics.