US stocks fluctuated in opposite directions.

The US stock market experienced a volatile trading session on November 12 (ending early November 13, Vietnam time), but still recorded positive signs in investor sentiment. Major indexes such as the Dow Jones Industrial Average (Dow) and S&P 500 continued to set new highs or approached previous records, while the Nasdaq Composite was under pressure from technology stocks.

Dow Jones hits new high, Nasdaq under pressure from tech stocks

Specifically, the S&P 500 index rose slightly by 0.1% to close at 6,850.92 points, close to the historical high recorded a few weeks ago. Meanwhile, the Dow Jones increased by 0.7% to 48,254.82 points and set a new closing record. This is the second consecutive session that the Dow Jones set a new peak. However, the Nasdaq Composite index fell by 0.3% to 23,406.46 points, reflecting investors' caution towards technology stocks, especially the decline of Amazon and Tesla.

One of the highlights of yesterday's trading session was the clear differentiation between stock groups. While the S&P 500 and Dow Jones both recorded slight gains, technology stocks, especially stocks like Amazon, Tesla, and Oracle, were under pressure and lost points. Amazon (AMZN) fell 2%, while Tesla (TSLA) fell 2.1%. Palantir (PLTR) also lost 3.6%, while Oracle (ORCL) fell 3.9%. This shows that investors are becoming more cautious about the long-term growth prospects of technology stocks.

In contrast, Advanced Micro Devices (AMD) was one of the market leaders of the day, rising 9% after the company announced a $100 billion data center revenue target, highlighting the appeal of technology companies involved in artificial intelligence (AI), an area that is attracting strong investor attention.

Analysts say the divergence between the indexes reflects changing investor sentiment. "We've seen some of the shift away from the heavy Nasdaq leadership to other sectors like health care and financials," said Bill Northey, senior investment director at US Bank Wealth Management. This was reinforced by a 1.36% gain in health care stocks and a 0.9% gain in financial stocks.

The shift of capital from technology to other sectors is also part of the reason the Dow Jones set a new high. Big banks like Goldman Sachs and UnitedHealth Group rose sharply, helping push the Dow up 0.7% to a new record. Meanwhile, a slowdown in technology is weighing on the Nasdaq, especially as big tech stocks like Amazon, Tesla and Palantir all fell.

In addition to industry factors, the stock market is also affected by political and macroeconomic developments. Investors are looking forward to the end of the historic US government shutdown and the return to work. The House of Representatives is expected to vote on a temporary funding package to end the prolonged shutdown, restore food assistance programs and pay hundreds of thousands of federal workers. The reopening of the US government could create a positive sentiment for the market, especially amid concerns about economic stagnation.

"This would be positive from a sentiment perspective, removing one of the major risks that was there. Furthermore, the federal government and FAA's actions are critical to the economy ," said Bill Northey.

In addition, economic data will continue to be an important driver for the market in the coming time. Employment reports, retail sales and business results of large technology companies will be important indicators for investor sentiment.

Overall, the November 12 session reflected a US stock market that was still in a state of "balanced expectations". Investors continued to raise stock prices, but also began to adjust expectations, especially for technology stocks. The continued rise of the Dow Jones is a positive signal, but caution still exists in the technology group and concerns about macro factors have not been completely resolved.

In the coming sessions, investors will need to closely monitor economic indicators, including employment and retail sales reports, as well as results from major technology companies. If these data fall short of expectations, the market may face correction risks, experts said.

So, as the Dow Jones Industrial Average hits new highs and other sectors like healthcare and financials show signs of strength, the tech sector is facing a correction and questions about its long-term growth prospects. The recovery of the US stock market will depend on the US government reopening and macroeconomic data released in the coming weeks.

Source: https://thoibaonganhang.vn/chung-khoan-my-bien-dong-trai-chieu-173490.html