Market Report Aug 02 2023

Written By Javid Shaik

The stock market faced a touch of selling pressure to start the new month. However, the decline was kept within modest boundaries. A surge in market rates and an inclination towards market consolidation ignited the investors' selling interests. Despite today's losses, the S&P 500 has secured an impressive YTD gain of 19.2%.

Other than the Dow Jones Industrial Average, XLK and XLI, it was a red day across the board in US and MEA. However, volume levels were below average.

Javid Shaik
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