US stocks rebound - Photo: THX
The generally positive third-quarter business results of US businesses, along with expectations that the US and China will reach a trade agreement, are the main drivers behind the market recovery.
The Nasdaq closed up 0.89%, while the Dow Jones and S&P 500 posted moderate gains. Market sentiment improved significantly after third-quarter earnings reports showed that more than 80% of S&P 500 companies posted better-than-expected profits, despite pressure from trade tensions. Markets are awaiting US inflation data due today - important information ahead of the US Federal Reserve meeting next week.
Another positive news is that the White House confirmed that US President Donald Trump will meet Chinese President Xi Jinping in South Korea next week. The meeting is expected to help ease US-China trade tensions. Previously, China said that officials from both sides will start a new round of high-level trade negotiations in Malaysia from October 24 to 27.
Aside from trade, markets are also looking ahead to the US consumer price report, which is scheduled to be released on October 24 despite the government shutdown. The report is always closely watched for its impact on US monetary policy, but this time the report is even more important because there is no other data available, said Chris Low of financial consultancy FHN Financial.
Source: https://vtv.vn/chung-khoan-my-tang-diem-tro-lai-100251024101814686.htm
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