The S&P 500 closed up 1.56% at 6,654.72. The Nasdaq Composite rose 2.21% to 22,694.61, while the Dow Jones Industrial Average rose 1.29% to 46,067.58. The Nasdaq Composite posted its biggest one-day gain since May 27.
Tech stocks related to artificial intelligence (AI) were the biggest gainers of the session. Broadcom shares jumped nearly 10% after the startup announced a partnership with OpenAI to produce its first in-house AI processor. Other AI chipmakers also saw their shares rise, with Nvidia rising 2.8% and Micron Technology rising more than 6%.
The latest trade tensions between the US and China follow China’s announcement on October 9 of a significant expansion of its rare earth export controls. A day later, Mr. Trump announced that he would impose an additional 100% tariff on imports from China and impose export controls on all critical US-made software starting November 1. However, Mr. Trump said over the weekend that the US did not want to “hurt” China.
Sam Stovall, head of investment strategy at financial research firm CFRA Research, said AI continues to be a driving force and it is not surprising that investors are buying on dips, while recommending investors to be cautious as US-China trade tensions remain unresolved.
JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo will report quarterly results on October 14, kicking off an earnings season that investors will be watching closely for signs of how tariffs are impacting Wall Street’s biggest companies.
Earnings reports will provide a window into the economy as key official data remains delayed due to the ongoing government shutdown.
In Vietnam, at the end of the trading session on October 13, the VN-Index increased by 17.57 points (1.01%) to 1,765.12 points; the HNX-Index increased by 1.73 points (0.63%) to 275.35 points.
Source: https://baotintuc.vn/thi-truong-tien-te/cac-chi-so-chu-luc-cua-pho-wall-tang-manh-trong-phien-1310-20251014074206870.htm
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