Market Report Jun 28 2023

Written By Javid Shaik

The US market concluded the trading day on a notably robust note, with all significant indices settling near their highs of the session.

At the start of the session, mega-cap entities showed relative underperformance, although predominantly trending upwards. By the second half of the session, those mega-cap stocks had regained their stride in alignment with the broader market, and propelling the index gains at a faster pace.

XLY and XLK were the big gainers.

VIX fell to below 14 again.

Javid Shaik
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