European and American stocks slow down due to political instability

US stocks fell while European markets were quieter on October 7, as investors weighed the US government shutdown and political unrest in France.

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

Wall Street stocks opened higher but quickly fell into negative territory, a sign some analysts said was a sign of market fatigue after a strong rally.

At the end of trading in New York, the Dow Jones industrial average fell 0.2% to 46,602.98 points. The S&P 500 composite index lost 0.4% to 6,714.59 points, while the Nasdaq Composite technology index fell 0.7% to 22,785.97 points.

The US government shutdown, which has dragged on for a seventh day as Republicans and Democrats appear to be nowhere near a deal, is worrying investors. Expectations of a Federal Reserve rate cut this month and the political crisis in France are adding to the appeal of safe-haven gold.

FHN Financial analyst Chris Low said the stock market rally is starting to run out of “fuel.” He said the session was mostly profit-taking and the market needed a new catalyst.

In Europe, Paris stocks rebounded slightly after a sell-off, even as President Emmanuel Macron faced calls to leave office from his first prime minister , Edouard Philippe, amid a deepening political and budget crisis.

At the end of this session, major European markets were almost unchanged. Specifically, the FTSE 100 index in London (UK) increased less than 0.1% to 9,483.58 points. Similarly, the CAC 40 index in Paris increased slightly to 7,974.85 points and the DAX index in Frankfurt also recorded a similar increase and closed the session at 24,385.78 points.

In Vietnam, at the end of the session on October 7, the VN-Index decreased by 10.2 points, or 0.6%, to 1,685.3 points. The HNX-Index also lost 1.82 points, or 0.66%, to 272.87 points.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoanau-my-chung-da-tang-do-bat-on-chinh-tri-20251008075037056.htm