A brief of world stock market on Tuesday (02/11/2021)(7:42 AM - 03/11/2021)
Most of the world's stock markets rose slightly on Tuesday and the Vietnamese stock market rallied. US stocks reached fresh all-time highs on Tuesday in another record-setting session, with investors cheering another set of better-than-expected corporate earnings results. The Dow and S&P 500 gained while the Nasdaq rose more modestly, weighed by a drop in Tesla (TSLA) after CEO Elon Musk downplayed the expected impact of a deal with car rental giant Hertz. Investors watched with optimism as more corporate earnings results exceeded expectations and defied concerns over ongoing supply chain constraints, shortages and cost pressures. Clorox (CLX) became one of the latest major names to top estimates in results posted Monday after the closing bell, with the cleaning supplies and home goods company topping third-quarter sales and profits estimates and reaffirming its full-year guidance even as the company said it expects "cost pressures to persist." Shares of Avis (CAR) and Simon Prope
A brief of world stock market on Wednesday (03/11/2021)(7:48 AM - 04/11/2021)
Most of the world's stock markets rose slightly on Wednesday, while the Vietnamese stock market was mixed. US stocks gained as investors digested a key monetary policy decision from the Federal Reserve, which included a formal announcement of the central bank's start to tapering its pandemic-era asset purchases. The S&P 500, Dow and Nasdaq each rose to record levels for another session. As had been widely expected, the Federal Reserve said on Wednesday that it was going to begin slowing the pace of purchases in its crisis-era asset purchase program starting this month. This had been one of the primary tools helping to underpin the economic recovery and financial markets over the course of the pandemic. That asset purchase program has been taking place with $120 billion worth of agency mortgage-backed securities and Treasurys per month over the past more than year. "In light of the substantial further progress the economy has made toward the Committee’s goals since last December, t
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