US stock indexes fall from record highs

On Wall Street, the S&P 500 and Nasdaq Composite indexes closed slightly lower on October 9 after setting records in the previous session, while the Dow Jones index's percentage decline was the largest, due to the lack of economic data or any factors affecting investor sentiment before the start of the third-quarter 2025 business results reporting season.

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

The Dow Jones Industrial Average fell 243.36 points, or 0.52%, to 46,358.42. The S&P 500 lost 18.61 points, or 0.28%, to 6,735.11, and the Nasdaq Composite dropped 18.75 points, or 0.08%, to 23,024.63.

Investors are waiting to see whether third-quarter corporate earnings growth will be as solid as the previous two quarters, said Matthew Keator, managing partner at asset manager Keator Group in Lenox, Massachusetts. That, combined with uncertainty surrounding the lack of U.S. economic data and the direction of the Federal Reserve's policy, makes the decline understandable, he said.

The stock market slowdown comes amid a massive bull run fueled largely by the rise of artificial intelligence, raising concerns about a bubble forming that could signal an impending correction.

Meanwhile, the US government shutdown has entered its ninth day without much sign of progress in budget negotiations, delaying the release of key economic data. With the third-quarter earnings season just days away, the lack of market-moving catalysts has investors focusing on comments from monetary policymakers for clues on the Fed’s plans to cut interest rates by the end of the year. New York Fed President John Williams said in a speech on October 9 that he supports further rate cuts before the end of the year due to risks facing the labor market.

According to CME's FedWatch tool, financial markets are currently pricing in a 94.6% chance that the Fed will cut interest rates by 25 basis points at the end of its meeting on October 28-29.

In the domestic market, at the end of the trading session on October 9, the VN-Index increased by 18.64 points (1.10%) to 1,716.47 points. The HNX-Index increased by 1.60 points (0.59%) to 274.94 points.

Source: https://baotintuc.vn/thi-truong-tien-te/cac-chi-so-chung-khoan-my-giam-diem-tu-muc-ky-luc-20251010075433296.htm