Market Report Jun 08 2023
In Wednesday's trading, the market presented a largely positive outlook despite a mixed performance at the index level. The major indices showed resilience despite some losses in the mega-cap arena, buoyed by higher-than-average trading volumes. Notably, the Russell 2000 index outperformed its counterparts, gaining 1.8%.
Tech heavyweights such as AMZN, AAPL, GOOG, MSFT and NVDA all declined, succumbing to profit-taking activity and valuation concerns after their recent run. NVDA is down 19% from its recent highs.
VIX remained below 14.
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