Vietnam Insight

US stocks finished in the positive territory on Wednesday as traders assessed the latest Consumer Price Index data. The S&P 500 rose 0.4% booking its 5th winning streak, the Dow Jones advanced 242 points, while the Nasdaq closed marginally higher. The CPI data revealed a 2.9% year-over-year increase in consumer prices for July, marking the first time since 2021 that headline inflation fell below 3%. This data reassured investors and sparked speculation that the Federal Reserve might begin cutting interest rates as early as next month. 

The VNINDEX closed at 1,230.36 points (-0.06 points, +0.0%) with lower-than-average trading volume over the past 20 sessions. The market saw 243 decliners and 163 gainers. Stocks contributing to the market's gains included VHM, MSN, and BID, while VCB, VPB, and MBB weighed on the market. Sector performance was mixed. Foreign investors continued to be net buyers, with a net purchase value of over 600 billion VND

• World stocks: Inflation news keeps boosting US stocks
• Vietnamese stocks: Indecisive battle at 1,230
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