Market Report Sep 27 2023

Major indices retreated significantly today, with all experiencing declines of over 1%, nullifying the modest gains from the previous session. This downturn can be partly attributed to ongoing concerns surrounding rising interest rates and also seasonality.

The tech-heavy Nasdaq index bore the brunt, falling notably more than the S&P 500's decline of nearly 1.5% and the Dow Jones Industrial Average's 1.1% drop.

Trading volume with the move up on Monday was low but Tuesday was slightly high, with the move down. A possible indication of heightened apprehension among investors.

Javid Shaik

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