US stocks turned down

VTV.vn - Wall Street unexpectedly witnessed a "reversal" when all three major indexes fell into the red at the end of the session.

US stocks fall on credit stress and government shutdown risk

Despite a positive start, the market lost momentum after some data on bad debt at many banks. The Dow Jones Industrial Average closed down nearly 300 points, or about 0.7%. The S&P 500 and Nasdaq also closed lower. Bank stocks led the declines in the session. In addition to bad debt, recent trade tensions and the government shutdown, which has extended into its third week, also had a negative impact on investors.

Explaining the decline in the US stock market, expert Angelo Kourkafas of financial consulting firm Edward Jones said that there are some new concerns related to credit that have emerged, making investors more cautious. The private credit market has become the focus of attention after two businesses related to the auto industry went bankrupt in recent weeks: parts manufacturer First Brands and lender Tricolor.

Shares of Zions Bancorp, a Salt Lake City-based bank, fell 13.1% after the bank reported two troubled loans involving businesses found to have made false statements and breached contracts. Zions said in a filing with securities regulators that it had incurred a $50 million loss from the incident in the third quarter of 2025.

Other mid-sized and regional banks suffered the same fate, including M&T Bank, Comerica and Fifth Third Bancorp. All of these banks' stocks lost between 4% and 7%.

Investors are getting overly nervous after some bad loans were exposed, and they are worried that similar risks could spread to other banks, according to Art Hogan of B. Riley Wealth Management.

Source: https://vtv.vn/chung-khoan-my-quay-dau-giam-10025101709041392.htm