Wall Street sets new record

VTV.vn - The US stock market closed the session on October 2 with new record levels, in the context of the US government entering the second day of shutdown due to budget deadlock.

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

During the session, US stocks fell at times after the gains in Europe and Asia, but quickly recovered and ended in the green. Specifically, the Dow Jones Industrial Average rose 0.2% to 46,519.72 points, the S&P 500 inched up less than 0.1% to 6,715.35 points, and the Nasdaq Composite increased 0.4% to 22,844.05 points.

Previously, both Dow Jones and S&P 500 also set records in the October 1 session thanks to expectations that the US Federal Reserve (Fed) will cut interest rates at the end of the month.

Investors do not expect the government shutdown to end soon, which could force the Fed to be more cautious with monetary policy and potentially cut interest rates in October, according to Sam Stovall, an expert at CFRA Research.

In Europe, markets were mixed: the FTSE 100 in London fell 0.2% to 9,427.73 points, while the CAC 40 in Paris rose 1.1% to 8,056.63 points and the DAX in Frankfurt advanced 1.3% to 24,422.56 points.

In Asia, tech stocks rallied after Samsung and South Korea’s SK Hynix struck a deal to provide artificial intelligence (AI) infrastructure for OpenAI’s Stargate project. The impact spread to Europe, sending tech stocks soaring: ASML rose 4.5%, while STMicroelectronics and Schneider Electric both rose more than 2%.

Source: https://vtv.vn/pho-wall-lap-ky-luc-moi-100251003075313514.htm