US stocks fell

VTV.vn - After reaching a record high on the first day of the week, US stocks turned down in last night's trading session, Vietnam time.

Wall Street ends three-session streak of record highs

The market's focus is on the latest comments from US Federal Reserve Chairman Jerome Powell on the outlook for interest rates in the coming time.

At the close of the session, all three major Wall Street indexes fell, with the Nasdaq technology index down 0.95%. Shares of Nvidia and major technology companies such as Amazon, Microsoft, and Apple all fell, as the market's excitement about artificial intelligence (AI) cooled somewhat. Investors also showed caution, after Fed Chairman Jerome Powell warned that stock valuations were high and the interest rate outlook was uncertain. According to the head of the Fed, the US central bank still needs to balance inflation and employment risks in upcoming interest rate decisions.

In his speech on the same day, Mr. Powell did not give a clear hint about when the Fed might continue to lower interest rates. Last week, the Fed cut interest rates for the first time this year and said it could continue to reduce them in the future.

“The biggest event of the day was Fed Chairman Powell’s speech,” said Peter Cardillo, chief economist at Spartan Capital Securities in New York. “He was somewhat dovish, but also cautious. He left the door open for a rate cut, but gave no indication of the timing or magnitude of the cut. The market sold off after that speech, and now is the right time for a correction.”

Earlier in the day, Fed officials also expressed mixed views. Vice President for Supervision Michelle Bowman said the Fed could ease concerns about persistent inflation and should commit to lowering interest rates to support the job market.

Source: https://vtv.vn/chung-khoan-my-giam-diem-100250924092612142.htm