Dow Jones index closed at a record high

VTV.vn - The Dow Jones Industrial Average on the US stock market closed at a record high, boosted by progress towards ending the US government shutdown.

US stocks mostly up despite tech decline

Members of the US House of Representatives returned to Washington after a 53-day recess to vote on ending the shutdown. The bill is likely to be passed as early as November 12 and sent to President Donald Trump for signing into law. This development has led to strong gains for the Dow Jones and S&P 500 indexes. Meanwhile, the Nasdaq index fell slightly, due to renewed concerns about high valuations of AI-related stocks, especially after news of SoftBank selling Nvidia shares.

There are certainly concerns about valuations, but that doesn't mean the market is going to sell off, said Tim Urbanowicz, an analyst at investment brokerage Innovator Capital Management.

Some market analysts see the Dow Jones' strong gains in this session as evidence of a shift in money flow to industrial stocks from technology stocks.

Investors were encouraged by progress on legislation on Capitol Hill to end the prolonged US government shutdown.

Across the Atlantic, major European stock markets also rose in the session. London's FTSE 100 index hit a new record high as the pound weakened, pushing the index up 1.2% to 9,899.60 points at the close. The CAC 40 index in Paris (France) also rose 1.3% to 8,156.23 points, while the DAX index in Frankfurt (Germany) rose 0.5% to 24,088.06 points.

Source: https://vtv.vn/chi-so-dow-jones-chot-phien-cao-ky-luc-100251112093321402.htm