Vietnam Insight

The S&P 500 closed flat on Friday, the Dow declined 259 points while the Nasdaq 100 advanced 0.5% as bank declines overshadowed tech gains. The financial sector was particularly affected by concerns surrounding New York Community Bancorp, which saw its shares tumble 8.2% following disappointing guidance. On the data front, the University of Michigan consumer survey indicated that both sentiment and expectations have been revised upward, while inflation forecasts were adjusted downward. For the week, the S&P 500 and the Dow decline by 2.4% and 0.9%, while the Nasdaq booked slight gains.

The VNINDEX closed at 1,252.72 points, down 4.69 points (-0.37%) with lower-than-average trading volume over the past 20 sessions. The market saw 136 gainers and 207 decliners. Stocks contributing to the market's gains included VPB, LPB, and VCB, while BID, GVR, and MSN contributed to the declines. Most sectors declined, except for the real estate sector. Foreign investors net sold over 412 billion dong

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