Vietnam Insight

Closing the session on Thursday, the S&P 500 index gained 0.36%. The Nasdaq Composite Index rose 0.76%. The Dow Jones Industrial Average edged up 2.57 points to 33,485.29. Thursday ended a short trading week with the market shutting down for the Good Friday holiday.

Markets remained volatile as weekly US jobless claims were higher than expected, adding to recent signals of slowing job growth. The ADP said earlier this week that the number of private-sector jobs in the US increased much less than expected in March. Meanwhile, the number of vacancies in the US fell below 10 million in February. Job cuts have also increased nearly fivefold year-to-date compared to the same period last year.

The VNIndex dropped slightly in Friday's trading session with a drop in liquidity compared to previous sessions. The index corrected after hitting the resistant level of 1,080 but rebounded after touching MA10. The MACD and RSI have not shown negative signals, however, the %K line has crossed the %D line of the Stochastic indicator. The market is expected to move sideways in the coming week when there is no motivation to break through to the 1,080 zone. 

• World stocks rose slightly
• Domestic stocks go sideways
• Update information on some real estate market reports
• Technical view and recommendation