In regular trading on Thursday, the Dow fell 0.76%, the S&P 500 dropped 1.18% and the Nasdaq Composite tumbled 1.76%. Those losses came as disappointing earnings reports and stronger-than-expected US GDP data outweighed a pullback in Treasury yields. Investors now look ahead to more corporate earnings and the latest PCE reading. The US economy expanded an annualized 4.9% in the third quarter of 2023, the most since the last quarter of 2021, above market forecasts of 4.3% and a 2.1% expansion in Q2, the advance estimate showed.
VNINDEX closed at 1,055.4 points (-46 points, -4.19%) with a sudden increase in liquidity. The market decreased with 505 red stocks, 24 green stocks and 114 floor stocks. Foreign investors and proprietary traders simultaneously sold net. The group of sharply falling stocks contributing to VNINDEX's decline include VHM, VIC and GAS, and no stock clearly leads the market. All industry groups decreased sharply, in which financial services, oil and gas and chemicals decreased the most at -6.45%, -6.38% and -5.77% respectively.
- World stocks: Mixed developments ahead of Q3 US GDP data
- Vietnam stocks: The market suddenly dropped deeply and liquidity suddenly spiked
- Business news: #VIC, #BVB, #FMC, #HPG, #FCN, #VHM
- Technical perspective and updated recommendations:
- Event calendar
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