Summary
In regular trading on Tuesday, the S&P 500 and Nasdaq Composite rose 0.07% and 0.14%, respectively, with both benchmarks notching new record highs. Meanwhile, the Dow fell 0.13% for its second straight losing day. Powell warned that keeping restrictive policy for too long could stunt economic growth, adding that they need more good data to strengthen their confidence that inflation is moving sustainably toward 2%. The dollar index hovered just above 105 on Tuesday after Fed Chair Powell, in testimony before Congress, reiterated caution on rate cuts. Investors also await key US inflation figures and earning reports from major firms this week.
VNINDEX closed at 1,293.71 (+10.15 points, +0.79%), liquidity improved and was above the 20-session average. The market has 295 green codes and 155 red codes. The group of stocks contributing to the market's uptrend includes GVR, VCB and BID, whereas FPT HVN and LPB contributed to the market's downtrend. The financial group returned to the green to help the market accelerate. Foreign investors net sold about 463.6 billion VND, focusing on FPT and MSN.
- World stocks: Mixed movements in face of Mr.Powell’s speech
- Vietnamese stocks: Improved liquidity
- Macro news
- Business news: #DNW, #VNL, #VAB, #NAB, #REE, #EMS
- Technical perspective and updated recommendations
- Event calendar
- Q&A
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