Last week, the Dow fell 0.75%, the S&P 500 dropped 1.29% and the Nasdaq Composite tumbled 1.93%. Those losses came as a string of stronger-than-expected US economic data renewed fears that the Federal Reserve could tighten policy further. Markets are now seeing a nearly 50% chance of a rate increase in November after an anticipated pause in September. Traders will get a reading of consumer and producer inflation reports on Wednesday and Thursday, respectively. Retail sales and consumer sentiment data will also be released this week.
VNINDEX closed at 1,241 (-0.13%), experiencing a slight decrease as it approached the resistance zone at 1,250. Leading stocks included BCM, DGC, and GVR, while the VHM and VIC groups experienced significant declines, causing the overall market to drop. Foreign investors made slight net purchases.
- World stocks: Mixed movements
- Vietnam stocks: Correction near the resistance zone around 1,250
- Business news: #VPB, #TCB, #IBC, #TLG, #GMD, #VND
- Technical perspective and updated recommendations
- Event calendar
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