Wall Street ended the November 13th trading session with a sharp decline.

Wall Street ended trading on November 13th plummeting, with shares of Nvidia and other major AI companies falling sharply, as investors lowered expectations for a Federal Reserve interest rate cut due to concerns about inflation and divisions within the Fed regarding the state of the US economy.

Trading activity on the New York Stock Exchange, USA. Photo: THX/VNA

All three major US stock indexes recorded their sharpest daily percentage declines in more than a month.

The S&P 500 index fell 1.66%, closing at 6,737.49 points, the Nasdaq Composite index fell 2.29%, to 22,870.36 points, while the Dow Jones index fell 1.65%, to 47,457.22 points.

Shares of Nvidia, the world's most valuable company, fell 3.6%, Tesla dropped 6.6%, and Broadcom declined 4.3%.

Peter Cardillo, a market economist at Spartan Capital Securities in New York, believes the market is undergoing a minor correction in the AI ​​sector, given the significant uncertainty surrounding the economic situation.

The US government reopened after a 43-day shutdown, which has caused investor anxiety and disrupted the flow of economic data.

In recent days, an increasing number of Fed policymakers have expressed hesitation about further interest rate cuts. Fed officials have cited concerns about inflation and relatively stable signs in the labor market following two rate cuts this year in recent statements.

Recent data from workforce management firm ADP shows that private businesses cut more than 11,000 jobs per week through the end of October 2025. Indeed, a company that analyzes global labor market trends, said that retail-related jobs in October fell 16% year-on-year, indicating a continued weakening of the labor market.

According to CME Group's FedWatch tool, traders are now assessing a 47% probability that the Fed will cut interest rates by 25 basis points in December, lower than the 70% probability from last week.

In the domestic market, at the close of trading on November 13th, the VN-Index decreased by 0.42 points (0.03%) to 1,631.44 points. The HNX-Index, however, increased by 1.50 points (0.57%) to 266.29 points.

Source: https://baotintuc.vn/thi-truong-tien-te/pho-wall-ket-thuc-phien-1311-lao-doc-20251114075157811.htm