Summary
In regular trading on Wednesday, the Dow fell 0.96%, the S&P 500 dropped 0.92% and the Nasdaq Composite declined 1.6%. Those losses came as rising Treasury yields continued to weigh on equities, while investors navigated the third quarter earnings season. The benchmark 10-year US yield reached 4.25% amid strong economic data and as Fed officials sounded a cautious tone over the pace of future rate cuts. Investors now look ahead to more earnings on Thursday from UPS, American Airlines and Northrop Grumman, among others.
The VNINDEX closed at 1,270.9 points, down 1.01 points (+0.08%) with lower-than-average trading volume over the past 20 sessions. The market saw 204 gainers and 156 decliners. Stocks contributing to the market's uptrend included VIC, FPT, and STB, while VHM, BID, and HPG weighed on the index. Most sectors declined, except for real estate and banking. Foreign investors were net buyers of over 9 billion VND.
- World stocks: US Treasury yields continue to rise
- Vietnamese stocks: To try to cling on
- Macro news
- Business news: : #VHM, #LAS, #ACV, #PAN, #STK, #DXG
- Technical perspective and updated recommendations
- Event calendar
- Q&A
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