U.S. Markets Dropped Tuesday; VinFast Auto Fell Furthest

The US banking industry could face a significant drop in stock prices within the next 16 months if the economy enters a recession, according to macro guru Hugh Hendry.

VinFast Auto stock experiences a 109% surge, attracting traders, but it remains a puzzling phenomenon.

The drop in US stocks on Thursday, despite a positive forecast from Nvidia, suggests that the market rally is exhausted and further declines are expected, according to Morgan Stanley's Michael Wilson.

The auto market has seen a significant decline in average new vehicle prices, with a drop of $3,243 from January to July, marking the first notable decline in car prices in years.

VinFast Auto's stock price dropped over 31% due to a reality check after a strong rally, but it remains the third most valuable automobile stock with a market cap of around $95 billion; analysts warn of unsustainable valuation and advise against investing in it.

Vietnamese EV start-up VinFast's stock plunges, losing $90 billion in market value.

Electric vehicle stock VinFast experienced a steep decline, plunging nearly 40% after a rapid rise that puzzled analysts, highlighting the volatility of the stock.

US consumer confidence dropped to 106.1 in August from 114 in the previous month, reversing gains made in June and July, with economists blaming higher gasoline prices as a key factor behind the decline.

U.S. manufactured goods orders experienced a significant 2.1% decline in July, the first drop in four months, due in part to higher interest rates impacting business equipment spending.

US stocks dropped on Wednesday as fears of more Federal Reserve rate hikes circulated, with Big Tech names like Apple and Nvidia dragging major indexes lower. Boston Fed President Susan Collins warned that further policy tightening could be warranted, while the Fed's Beige Book indicated softer activity growth and a cooling labor market in July and August.

Electric-vehicle startup VinFast Auto Ltd. has experienced a significant decline in market capitalization, losing over $140 billion in less than two weeks due to a continuous drop in its stock price.

U.S. stocks fell and Treasury yields surged ahead of the Federal Reserve's interest rate decision, while Instacart shares surged 12% on their first day of trading on the Nasdaq.

U.S. equities fall after the Fed hints at higher interest rates, while homebuilder and Cisco shares decline, and FedEx shares soar.

VinFast Auto stock is experiencing a sharp decline due to a significant quarterly loss, despite a positive forecast for the full year.