Wall Street "on fire"

VTV.vn - The US stock market fell sharply in the trading session on November 13, when investors lowered their expectations about the possibility of the Fed continuing to cut interest rates.

The stock index board was filled with red during the trading session at the New York Stock Exchange, USA. (Photo: THX/TTXVN)

Persistent inflation concerns and disagreement within the Fed over the US economic outlook weighed on market sentiment.

All three major stock indexes recorded their sharpest declines in more than a month: the S&P 500 fell 1.66% to 6,737.49 points; the Nasdaq Composite fell 2.29% to 22,870.36 points; and the Dow Jones lost 1.65% to 47,457.22 points .

Tech and AI stocks were under significant pressure. Nvidia , the world's largest company by market capitalization, fell 3.6% ; Tesla fell 6.6% ; and Broadcom fell 4.3% .

According to Mr. Peter Cardillo , market economist at Spartan Capital Securities (New York), these fluctuations reflect a slight adjustment in the AI ​​group, when the US economy still has many uncertain factors.

The reopening of the US government after a 43-day shutdown also contributed to the disruption of economic data, making investors more cautious.

CME Group's FedWatch tool shows traders now see just a 47% chance the Fed will cut another 25 basis points in December, down sharply from 70% last week.

Source: https://vtv.vn/pho-wall-do-lua-100251114081357972.htm