Morning call - The domestic stock market faces profit-taking pressure, while the global market increases
The Dow Jones index ended more than 316 points higher, +0.93%, closing higher on Tuesday. The S&P 500 rose nearly 0.7%, while the Nasdaq increased by 0.5%. US stocks closed higher on Tuesday, extending gains for the second session, as investors looked forward to the key inflation report due tomorrow. Specificially, inflation data could prompt the Federal Reserve to consider ending interest rate hikes sooner.
VNINDEX closed the session at 1,151, up 0.24%, with a slight improvement in liquidity led by VCB and CTG stocks. However, the breadth of blue-chip stocks weakened, with 16 gainers and 12 decliners, compared to 21 gainers and 6 decliners earlier in the morning session..
World market: US stocks rise ahead of inflation report.
Vietnam market: The domestic market faces selling pressure due to profit-taking.