Morning call - Bank stocks are giving way to the midcap group
01/10/2024

Summary

US stocks finished mixed on Friday as investors analyzed fresh inflation data that may impact the Federal Reserve's upcoming decisions on interest rates. The S&P 500 lost 0.1%, and the Nasdaq slipped by 0.4%, pressured by a 2.1% drop in Nvidia shares, while the Dow Jones hit a fresh record with a 0.3% gain. The August PCE index, the Fed's preferred inflation measure, showed a mild 0.1% increase, signaling cooling price pressures.

 

The VN-Index closed at 1,287.94, down 2.98 points (-0.23%) with reduced liquidity but still above the 20-day moving average. The market saw 153 gainers and 241 decliners. Stocks contributing to the market's gains included VPB, HPG, and MSB, while VCB, VHM, and BID contributed to the decline. Foreign investors net sold over 505 billion dong

 

  • World stocks: US stocks fluctuated strongly
  • Vietnamese stocks: Bank stocks are giving way to the midcap group
  • Macro news
  • Business news: #VGT, #DXG, #NVL, #GVR, #TCM, #BVS
  • Technical perspective and updated recommendations #POW
  • Event calendar
  • Q&A
Category
Daily
Author
Hoang Nam
Details

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