US stocks hit record highs after Fed cuts interest rates and the 'canary in the coal mine' phenomenon.

Chứng khoán Mỹ lập đỉnh sau khi Fed hạ lãi suất và 'con chim hoàng yến trong mỏ than' - Ảnh 1. — Traders work on the New York Stock Exchange (NYSE) in New York City, USA, on December 11-12 - Photo: AFP

According to CNBC, the Dow Jones and S&P 500 indices reached new highs on December 11th after the US Federal Reserve (Fed) cut interest rates.

Meanwhile, disappointing earnings results from technology giant Oracle have led many investors to move away from the hot-performing technology stocks and shift to those that can benefit from the growth of the US economy .

The Dow Jones index (comprising 30 large-cap stocks) rose 646.26 points, or 1.34%, closing at 48,704.01 points – a new record. The S&P 500 index gained 0.21%, closing at 6,901.00 points, also a record closing level. However, the Nasdaq Composite index fell 0.26%, closing at 23,593.86 points.

Oracle Corporation's stock price fell nearly 11% after the company announced disappointing quarterly revenue and raised its spending forecast, increasing concerns about the company's debt. Oracle reported revenue of $16.06 billion in the second fiscal quarter, lower than the $16.21 billion analysts had expected.

This report further fuels the debate over how long it will take for tech companies to recoup their investments in artificial intelligence (AI).

Share prices of other AI-related companies also fell, including Nvidia and Broadcom, each dropping more than 1%.

"The market is reasonably concerned about Oracle and, more broadly, about the AI sector in general, given the trillions of dollars committed, but it's clearly still difficult to determine how things will unfold. And Oracle is somewhat acting as the 'canary in the coal mine' (i.e., an early warning sign)," said strategist Steve Sosnick at Interactive Brokers.

He commented, "The market is making a point of shifting its focus away from this group a bit."

According to VNA, the main driving force behind the rise in the US stock market is the Fed's decision this week to cut the benchmark interest rate by another 0.25 percentage points, bringing the interest rate range to 3.5 - 3.75%, while leaving open the possibility of further cuts.

Fed Chairman Jerome Powell stated that raising interest rates is not the baseline scenario for any member of the policymaking committee. This helped alleviate investor concerns about the possibility of the Fed soon ending its easing policy, while reinforcing market expectations of at least two more interest rate cuts next year.

Meanwhile, under the positive influence of the US market, Japanese stocks rose immediately upon opening on December 12th. In the first 15 minutes of trading, the Nikkei 225 index rose 629.92 points, or 1.26%, to 50,778.74 points. The Topix index also increased 53.02 points, or 1.58%, to 3,410.26 points.

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Source: https://tuoitre.vn/chung-khoan-my-lap-dinh-after-fed-ha-lai-suat-va-con-chim-hoang-yen-trong-mo-than-20251212100347266.htm