Wall Street plunged into the red across the board.

VTV.vn - At the close of trading on March 19, the main stock indices on Wall Street all plunged into the red.

Traders at the New York Stock Exchange, USA. (Photo: THX/VNA)

The US stock market fell across the board on March 19th, amid inflation concerns stemming from rising oil prices, which made investors more pessimistic about the possibility of interest rate cuts in the near future.

Market attention was focused on warnings from Federal Reserve Chairman Jerome Powell about the uncertain outlook for the US economy , driven by conflicts between the US and Israel and Iran that have sent energy prices soaring. Although the Fed kept interest rates unchanged at its March 18 meeting, as expected, concerns about inflation caused market volatility.

According to CME's FedWatch tool, traders now forecast little likelihood of the Fed cutting interest rates before mid-2027. Similarly, the Bank of England (BoE) and the European Central Bank (ECB) have kept interest rates unchanged, citing real inflation risks stemming from the Middle East conflict.

At the close of trading on March 19, the main stock indices on Wall Street were all in the red. The S&P 500 fell 0.27%, to 6,606.49 points. Since the beginning of 2026, the index has lost more than 3% of its value and is at its lowest level in four months. The Nasdaq fell 0.28%, closing at 22,090.69 points. The Dow Jones Industrial Average saw the biggest drop, falling 0.44% to 46,021.43 points.

Notably, all three major indices have fallen below their 200-day moving averages (MA200) – a key technical threshold indicating the market is losing long-term upward momentum. On the S&P 500, the number of declining stocks significantly outnumbered advancing stocks by a ratio of 1.4:1.

Brent crude oil prices, although having fallen from their peak of $119 per barrel, remain high following Iran's attacks on energy targets in the Middle East. This has forced the US government to implement emergency measures to expand supply.

Meanwhile, technology stocks came under significant pressure. Micron Technology shares fell 3.8% due to disappointing quarterly forecasts, while Nvidia – the world's largest company by market capitalization – also lost 1%.

In addition, data released on March 19 showed a surprising drop in weekly jobless claims in the US, indicating that the labor market remains stable and job growth is recovering. However, in the current context, the tightening job market further strengthens the likelihood that the Fed will maintain high interest rates for a longer period to curb inflation.

Source: https://vtv.vn/pho-wall-dong-loat-chim-trong-sac-do-100260320090515622.htm