Summary
In regular trading on Wednesday, the Dow dipped 0.22%, the S&P 500 lost 0.33%, and the Nasdaq Composite fell 0.56%. On the economic front, GDP growth slowed to an annualized 2.8% in Q3, slightly below estimates, while robust jobs data dampened expectations for potential rate cuts by the Fed. Investors are now turning their attention to more data and earnings releases scheduled for Thursday. The US economy expanded an annualized 2.8% in Q3 2024, below 3% in Q2 and forecasts of 3%, the advance estimate from the BEA showed.
VNINDEX closed at 1,258.63 points, down 3.15 points (-0.25%) with lower-than-average trading volume over the past 20 sessions. The market saw 163 gainers and 210 decliners. Stocks contributing to the market's gains included TCB, STB, and BID, while VNM, VHM, and VCB contributed to the declines. Most sectors declined, and there was a significant divergence among individual stocks. Foreign investors were net sellers of over 142 billion dong.
- World stocks: The estimated US Q3 GDP is lower than expected
- Vietnamese stocks: To wait for the bullish signal
- Macro news
- Business news: #VHM, #NVL, #HAH, #MWG, #BFC, #OIL
- Event calendar
- Q&A
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