European and US stocks weaken as markets lack momentum

US and European stocks fell across the board on November 6 as investors weighed a range of factors including the corporate earnings season, a lack of economic data and the possibility of another US interest rate cut.

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

At the end of trading in New York, the Dow Jones industrial average fell 0.8% to 46,912.30 points. The S&P 500 composite index lost 1.1% to 6,720.32 points and the Nasdaq Composite technology index fell 1.9% to 23,053.99 points.

In Europe, sentiment was weighed down by some disappointing corporate earnings reports and official data showing that industrial output in Germany recovered less than expected in September 2025. Accordingly, the FTSE 100 index in London (UK) fell 0.4% to 9,735.78 points at the close. The CAC 40 index in Paris (France) lost 1.4% to 7,964.77 points and the DAX index in Frankfurt (Germany) fell 1.3% to 23,734.02 points.

After rallying throughout the summer and early fall, US stocks have been volatile in recent weeks as the government shutdown left investors starved of important economic updates.

Investors and policymakers are left “blindsided” by the government’s delay in releasing key data on employment, trade, retail sales and other areas, forcing investors to turn to private sources of data.

A report from redeployment firm Challenger, Gray & Christmas said the number of layoff announcements in October hit a 22-year high, while hiring activity slowed to a 14-year low.

The report paints a bleak picture of the U.S. labor market, but it bolsters the case for a December rate cut by the Federal Reserve, despite Chairman Jerome Powell’s unexpectedly hawkish tone after last month’s meeting, said Joe Mazzola, head of trading and derivatives strategy at brokerage Charles Schwab.

Investors are also digesting news that a majority of US Supreme Court justices are skeptical about the legality behind a sweeping series of Trump tariffs, which has also supported stocks.

In Vietnam, at the end of the session on November 6, the VN-Index decreased by 12.25 points (0.74%) to 1,642.64 points, and the HNX-Index decreased by 0.55 points (0.21%) to 266.15 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-au-my-suy-yeu-khi-thi-truong-thieu-dong-luc-thuc-day-20251107071615037.htm