US stock indexes closed at new record highs on October 28.

US stock indexes closed at new record highs on October 28, thanks to signs of easing trade tensions between the US and China and momentum from technology stocks, while investors awaited the US Federal Reserve's policy decision and analyzed corporate profit reports.

Traders at the New York Stock Exchange, USA. Photo: THX/TTXVN

The Dow Jones Industrial Average rose 161.78 points, or 0.34%, to 47,706.37. The S&P 500 gained 15.73 points, or 0.23%, to 6,890.89, and the Nasdaq Composite added 190.04 points, or 0.80%, to 23,827.49.

Part of the market’s momentum came from a 2% jump in Microsoft shares after a deal was reached to reorganize tech company OpenAI into a public benefit company, giving the large-cap company a 27% stake in the owner of the ChatGPT app. Nvidia shares also contributed to the boost, rising 5% after CEO Jensen Huang said the AI ​​chip leader would build seven new supercomputers for the U.S. Department of Energy and that the company had received $500 billion in orders for AI chips.

In addition to the Fed, a host of central banks are meeting this week, including the central banks of Japan, Canada and Europe. The Fed is widely expected to cut interest rates at the meeting, with markets pricing in a 99.9% chance of a 0.25 percentage point cut, according to CME's FedWatch Tool. The European Central Bank and the Bank of Japan are expected to keep rates unchanged.

Expectations of a Fed rate cut, along with recent signs of easing trade tensions between the US and China, have helped boost risk appetite, pushing stocks higher and keeping the yield on the benchmark 10-year US Treasury note near multi-month lows. US President Donald Trump and Chinese President Xi Jinping are scheduled to meet on October 30 to decide on a framework that could halt tougher US tariffs and restrictions on Chinese rare earth exports.

Additionally, the ongoing U.S. government shutdown has led to a lack of economic data, forcing investors to look elsewhere for clues about the state of the economy. The first preliminary weekly estimate from the ADP National Employment Report showed that U.S. private sector jobs increased by an average of 14,250 in the four weeks ended October 11.

Meanwhile, the Big Seven tech companies, including Microsoft, Alphabet, Apple, Amazon and Meta Platforms, are scheduled to report earnings this week. Investors will be closely watching the reports to gauge the companies’ high valuations.

In Vietnam, at the end of the trading session on October 28, the VN-Index increased by 27.96 points (1.69%) to 1,680.5 points, while the HNX-Index increased by 1.42 points (0.54%) to 266.78 points.

Source: https://baotintuc.vn/thi-truong-tien-te/cac-chi-so-chung-khoan-my-chot-phien-2810-o-muc-cao-ky-luc-moi-20251029074858187.htm