Dow Jones index continues to set records

Major indexes on Wall Street ended mixed on November 12, with the Dow Jones hitting a record high and the Nasdaq Composite losing momentum as investors turned away from high-priced technology stocks, focusing on the possibility of ending the record-long US government shutdown.

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

At the close of the session on November 12, the Dow Jones index increased by 0.68% to 48,254.82 points. Meanwhile, the S&P 500 index increased by 0.06% to 6,850.92 points, while the Nasdaq Composite index decreased by 0.26% to 23,406.46 points.

Goldman Sachs and UnitedHealth Group each rose 3.5%, helping the Dow Jones Industrial Average close at a record high for the second straight day. The index is up 13% so far in 2025, compared with a 17% gain for the S&P 500. Meanwhile, some big tech stocks lost value. Amazon and Tesla fell about 2% each, Palantir lost 3.6% and Oracle fell 3.9%.

The US House of Representatives will vote on a bill to reopen the government that the Senate approved on the evening of November 10, after eight Democrats unexpectedly voted in favor of a short-term spending bill to restart food aid, pay hundreds of thousands of federal employees and restore air traffic control systems.

The government shutdown has disrupted the economy and created a data vacuum for both the Federal Reserve and traders, forcing them to rely on private economic data. ADP's preliminary weekly employment report released on November 11 showed private employers cut an average of 11,250 jobs a week in the four weeks ended October 25, suggesting continued weakness in the labor market.

According to CME Group's FedWatch tool, traders are pricing in a 65% chance the Fed will cut interest rates by 25 basis points at its December monetary policy meeting.

In the domestic market, at the end of the session on November 12, the VN-Index increased by 38.25 points, or 2.4%, to 1,631.86 points. The HNX-Index increased by 3.71 points, or 1.42%, to 264.79 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chi-so-dow-jones-tiep-tuc-lap-ky-luc-20251113074746763.htm