US stocks fluctuated in opposite directions.

On November 12th (ending early morning of November 13th, Vietnam time), the US stock market experienced a rather volatile trading session, but still recorded positive signs in investor sentiment. Major indices 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 pressured by technology stocks.

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

Specifically, the S&P 500 index edged up 0.1%, closing at 6,850.92 points, close to its all-time high recorded a few weeks ago. Meanwhile, the Dow Jones rose 0.7%, reaching 48,254.82 points and setting a new closing record. This marks the second consecutive session that the Dow Jones has reached a new high. However, the Nasdaq Composite index fell 0.3%, to 23,406.46 points, reflecting investor caution toward technology stocks, particularly the declines in Amazon and Tesla.

One of the standout features of yesterday's trading session was the clear divergence between stock groups. While the S&P 500 and Dow Jones both recorded slight gains, technology stocks, particularly Amazon, Tesla, and Oracle, were pressured and declined. Amazon (AMZN) fell 2%, while Tesla (TSLA) dropped 2.1%. Palantir (PLTR) also lost 3.6%, and Oracle (ORCL) declined 3.9%. This suggests that investors are becoming increasingly cautious about the long-term growth prospects of technology stocks.

Conversely, Advanced Micro Devices (AMD) was one of the market's leading stocks of the day, rising 9% after the company announced its target of $100 billion in data center revenue. This demonstrates the appeal of technology companies involved in artificial intelligence (AI), a field that is attracting significant attention from investors.

Analysts suggest the divergence among the indices reflects changing investor sentiment. Bill Northey, senior investment director at US Bank Wealth Management, shared: "We've seen a shift somewhat from the Nasdaq's heavy lead to other sectors like healthcare and finance." This was further reinforced by healthcare stocks rising 1.36% and financial stocks rising 0.9%.

The shift of capital from technology to other sectors is also partly to blame for the Dow Jones reaching a new high. Shares of major banks like Goldman Sachs and UnitedHealth Group surged, helping to push the Dow up 0.7% to a new record high. Meanwhile, the slowdown in the technology sector is causing the Nasdaq to fall, especially as major tech stocks like Amazon, Tesla, and Palantir all declined.

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

Bill Northey stated: "This would be positive from a psychological standpoint, removing one of the main existing risks. Furthermore, the actions of the federal government and the FAA are crucial to the economy ."

Furthermore, economic data will continue to be a crucial guiding factor for the market in the coming period. Employment reports, retail sales figures, and earnings results from major technology companies will be key indicators of investor sentiment.

Overall, the trading session on November 12th reflected a US stock market still in a state of "expectation equilibrium." Investors continued to push up stock prices, but also began adjusting expectations, particularly for technology stocks. The continued rise of the Dow Jones was a positive sign, but caution remained in the technology sector and concerns about macroeconomic factors were not fully resolved.

According to experts, in the coming sessions, investors will need to closely monitor economic indicators, including employment reports and retail sales figures, as well as results from major technology companies. If these data do not meet expectations, the market could face the risk of a correction.

Therefore, as the Dow Jones reaches new highs and other sectors like healthcare and finance show positive signs, the technology 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 returning to operation and the macroeconomic data that will be released in the coming weeks.

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