S&P 500 and Nasdaq close at record highs

On Wall Street, the S&P 500 and Nasdaq Composite indexes closed at record highs on August 12 after falling in the previous session, when US consumer price data raised the possibility of the Federal Reserve cutting interest rates in September.

The trade truce between the US and China also contributed to strengthening investor confidence.

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

The Dow Jones Industrial Average rose 483.52 points, or 1.1%, to 44,458.61, the S&P 500 gained 72.31 points, or 1.13%, to 6,445.76 and the Nasdaq Composite added 296.50 points, or 1.39%, to 21,681.90.

The US Labor Department data showed the consumer price index (CPI) rose 2.7% year-on-year in July 2025, compared with a 2.8% increase forecast by economists polled by Reuters. With the weaker-than-expected inflation figures, traders see a 94% chance of the Fed cutting interest rates in September, according to the CME FedWatch tool.

US President Donald Trump has nominated White House adviser Stephen Miran to temporarily fill a vacancy on the Federal Reserve Board of Governors, raising speculation about intervention in the Fed's monetary policy.

Meanwhile, the US President signed an executive order suspending triple-digit tariffs on imports from China for another 90 days. The US and China have been conducting trade negotiations in Geneva, London and Stockholm since May 2025, focusing on reducing tariffs.

On the economic front, China's exports rose 7.2% in July from a year earlier, beating the consensus forecast of economists polled by Reuters, but factory prices fell the most in two years, another sign that manufacturers are struggling to sell domestically.

In Vietnam, at the end of the trading session on August 12, VN-Index increased by 11.36 points (0.71%) to 1,608.22 points, HNX-Index increased by 0.01 point to 276.47 points.

Source: https://hanoimoi.vn/sp-500-va-nasdaq-chot-phien-cao-ky-luc-712411.html