S&P 500 hits new high as investors await US economic data

DNVN - At the close of trading on September 10, the US S&P 500 index climbed to a record high, as the market focused its attention on the consumer price report that could influence US interest rate decisions.

On the New York market, the Dow Jones Industrial Average fell 0.5% to 45,490.92 points at the end of the session, while the S&P 500 inched up 0.3% to 6,532.04 points. In contrast, the Nasdaq Composite only increased less than 0.1% to 21,886.06 points.

Illustrative photo. Source: VNA/THX

The S&P 500's rise was largely driven by a 36% surge in Oracle shares, after the company forecast strong revenue growth for years to come, benefiting from a wave of investment in artificial intelligence (AI).

Oracle’s cloud business is forecast to grow 77% in the current fiscal year to $18 billion, with revenue expected to continue to grow to $32 billion, $73 billion, $114 billion, and $144 billion in subsequent years.

In Europe, stocks were mixed. In London, the FTSE 100 fell 0.2% to 9,225.39 points. In contrast, the CAC 40 in Paris rose 0.2% to 7,761.32 points, while the DAX in Frankfurt fell 0.4% to 23,632.95 points.

Investors are now largely expecting the Federal Reserve to cut interest rates at its meeting next week, although there is still some debate over whether the central bank will signal further cuts in 2025.

Data from the Labor Department showed that the US producer price index (PPI) fell 0.1% last month compared to the previous month, much lower than analysts' forecast of a 0.3% increase.

In a note to clients, Will Compernolle, an analyst at FHN Financial, said the manufacturing data reflected a “meager” inflationary impact from tariffs and that businesses were absorbing some of the cost. He stressed that the numbers were unlikely to be enough to influence the Fed’s decision to cut interest rates next week.

Markets are also betting that the Fed could cut rates further in October and December, but that is still up in the air and depends on consumer price data due on September 11. Some Fed policymakers have recently said the labor market is a “more pressing issue than inflation.”

In Vietnam, the trading session on September 10 ended with the VN-Index increasing by 5.94 points, equivalent to 0.36%, to 1,643.26 points, while the HNX-Index lost 0.22 points, or 0.08%, to 274.6 points.

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Source: https://doanhnghiepvn.vn/kinh-te/chi-so-sp-500-xac-lap-dinh-moi-khi-gioi-dau-tu-ngong-du-lieu-kinh-te-my/20250911085515765