US stocks continue to rise thanks to the push from the Fed

US stock indexes closed higher on November 25, led by the Dow Jones, as a series of economic data supported the possibility that the US Federal Reserve (Fed) will make a third and final interest rate cut of the year in December, while weakness in the technology sector limited the gain of the Nasdaq Composite index.

Activities at the New York Stock Exchange, USA. Photo: THX/TTXVN

The Dow Jones Industrial Average rose 664.18 points, or 1.43%, to 47,112.45. The S&P 500 gained 60.77 points, or 0.91%, to 6,765.89, and the Nasdaq Composite added 153.59 points, or 0.67%, to 23,025.59.

A slew of economic data has been released, largely supporting the view that the Fed will cut interest rates by 25 basis points at its upcoming monetary policy meeting, but official reports have yet to be released due to delays related to the recent prolonged government shutdown. The US Commerce Department and the Labor Department have released their September 2025 reports on retail sales and producer prices, respectively, showing that spending fell and inflation continued to cool. More recent data from the Conference Board research organization showed a sharper-than-expected drop in consumer confidence, with its index of short-term expectations falling nearly 12%.

Fed governors have said a rate cut is needed in December 2025, given the severe weakness in the job market, said Paul Nolte, market strategist at Murphy & Sylvest, a full-service wealth management firm in Elmhurst, Illinois. Traders now see an 84.7% chance of a rate cut, up from 50.1% a week ago.

In the domestic market, at the end of the session on November 25, the VN-Index decreased by 7.62 points, or 0.46%, to 1,660.36 points. The HNX-Index decreased by 3.92 points, or 1.5%, to 257.3 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-my-tiep-tuc-tang-diem-nho-luc-day-tu-fed-20251126073813336.htm