Wall Street divided, investors wait for new signal from Fed

VTV.vn - The US stock market fluctuated in the first trading session of the week on November 3.

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

The S&P 500 and Nasdaq advanced, led by deals related to artificial intelligence (AI), as the outlook for the Federal Reserve's monetary policy became cloudy due to a lack of official economic data. Conversely, shares of UnitedHealth Group fell 2.3% and Merck fell 4.1%, dragging the Dow Jones Industrial Average lower.

At the end of this session, the Dow Jones index decreased 226.19 points (0.48%) to 47,336.68 points; the S&P 500 increased 11.77 points (0.17%) to 6,851.97 points; and the Nasdaq Composite increased 109.77 points (0.46%) to 23,834.72 points.

Technology stocks and related businesses played a key role in helping the Nasdaq gain the most among Wall Street's three major indexes. Notably, Amazon announced a $38 billion deal with OpenAI, allowing chatbot developer ChatGPT to operate and expand its AI infrastructure on the Amazon Web Services cloud computing platform. This information helped Amazon's stock price increase by 4%. Nvidia's stock price also increased by 2.2% after US President Donald Trump said the company's most advanced AI chips would only be provided to US businesses, not to China and other countries.

Over the weekend, the White House released details of an agreement between President Trump and Chinese President Xi Jinping to ease tensions in the trade war between the world's two largest economies.

Shares of consumer goods giant Kimberly-Clark plunged 14.6% after the company announced plans to acquire Tylenol maker Kenvue for more than $40 billion. Kenvue, on the other hand, rose 12.3%.

With the US government still shut down and official economic data scarce, the Institute for Supply Management (ISM) and S&P Global released Purchasing Managers' Indexes (PMIs) that showed US factories were still feeling the effects of Mr Trump's tariffs. The US Supreme Court is expected to consider the legality of these tariffs on November 5.

After last week's widely expected rate cut, the Fed's next move is becoming more unpredictable due to a lack of economic indicators during the US government shutdown.

The ADP National Employment Index, due out on November 5, could provide further clues about the health of the US labor market. Meanwhile, Fed officials continue to offer mixed views: Governor Stephen Miran favors further rate cuts, while Chicago Fed President Austan Goolsbee is cautious as inflation remains well above the US central bank’s 2% target.

The third quarter 2025 earnings season is in full swing, with more than 300 companies in the S&P 500 index reporting earnings, with 83% of them beating analyst forecasts, according to the latest data from the London Stock Exchange (LSEG).

Source: https://vtv.vn/pho-wall-phan-hoa-nha-dau-tu-cho-tin-hieu-moi-tu-fed-100251104082008115.htm