All three major US stock indexes posted their biggest daily percentage drops in more than a month.
The S&P 500 index fell 1.66% to close 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 fell 6.6% and Broadcom fell 4.3%.
Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said the market is having a small correction in the AI field, when there is a lot of uncertainty about the economic situation.
The US government reopened after a 43-day shutdown that spooked investors and disrupted the flow of economic data.
In recent days, a growing number of Fed policymakers have appeared hesitant about further rate cuts. Fed officials in recent remarks have cited concerns about inflation and signs of relative stability in the labor market after two rate cuts this year.
Data from human resources management company ADP recently showed that private businesses cut more than 11,000 jobs per week through the end of October 2025. Indeed, a company that analyzes trends in the global labor market, said that retail-related jobs in October were down 16% compared to the same month last year, indicating continued weakness in the labor market.
Traders are pricing in a 47% chance the Fed will cut rates by 25 basis points in December, down from 70% last week, according to CME Group's FedWatch tool.
In the domestic market, at the end of the trading session on November 13, the VN-Index decreased by 0.42 points (0.03%) to 1,631.44 points. The HNX-Index 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
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