Vietnam Insight

Wall Street rallied on the last day of the second quarter of 2023, as the decrease in inflation eased investors' worries about further rate hikes. The Dow closed 280 points higher (+0.84%), while the S&P and Nasdaq gained 1.2% and 1.4%, respectively. In the second quarter, the Dow Jones gained 2.5%, the S&P gained 7%, the Nasdaq gained 13.3%, the recovery was supported by AI-related stocks and confidence that the Fed has completed most of its rate hikes. 

The market fell 5.21 points (0.46%) to close at 1,120.18 points due to the appearance of macro data in the second quarter of 2023. Experts expressed concern about the ability to maintain growth in the context of many related indicators such as import and export, domestic consumption, and weak credit growth

• World stocks: US stocks recover on falling inflation data
• Vietnam stocks: Liquidity is decreasing, short-term uptrend is challenged
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