Upbeat economic data fuels Wall Street recovery

US stock indexes closed higher on November 5, as corporate profits and private employment figures in the US were stronger than expected, while Treasury yields jumped.

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

The Dow Jones Industrial Average rose 225.76 points, or 0.48%, to 47,311. The S&P 500 gained 24.74 points, or 0.37%, to 6,796.29 and the Nasdaq Composite added 151.16 points, or 0.65%, to 23,499.8.

The ADP National Employment Report showed that private sector employment in the US increased by 42,000 in October 2025, far exceeding expectations for an increase of 28,000. However, some sectors such as professional services lost jobs for the third consecutive month. In addition to the private sector employment, the data showed that US services sector activity accelerated in October 2025 thanks to a strong increase in new orders, even as the sector lost jobs and faced its highest input costs in nearly three years.

The impasse in Congress has led to the longest U.S. government shutdown on record, forcing data-dependent investors and the Federal Reserve to rely on private-sector indicators. Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said that if the ADP National Employment Report matches the official data when it is released, concerns about the labor market may be somewhat exaggerated.

In terms of corporate profits, according to LSEG, analysts now see gross profit growth of S&P 500 companies at 16.2% in the third quarter of 2025 compared to the same period last year, double the growth expectation at the beginning of the quarter.

Meanwhile, U.S. Treasury yields rose after data unexpectedly showed the economy maintained its resilience. The yield on the benchmark 10-year note rose nearly 7 basis points to 4.159%.

Investors were also on edge as US Supreme Court justices cast doubt on the legality of US President Donald Trump's sweeping tariffs in a case that has implications for the global economy.

In the domestic market, at the end of the trading session on November 5, the VN-Index increased by 2.91 points (0.18%) to 1,654.89 points. The HNX-Index increased by 0.79 points (0.30%) to 266.70 points.

Source: https://baotintuc.vn/thi-truong-tien-te/so-lieu-kinh-te-lac-quan-tao-da-phuc-hoi-tren-pho-wall-20251106074213402.htm