Stock Market Today: Live Updates | Top Vip News

Vietnam’s economy is in a “pretty good position” this year, said VinaCapital chief investment officer Andy Ho, who expects growth of between 6% and 7% this year.

Aside from low interest rates and strong exports to the United States and Europe, the country’s “liquidity situation is very strong,” Ho told CNBC’s “Squawk Box Asia.”

“A lot of people have money and are willing to invest in the country… whether it’s capital assets, real estate or the stock market,” he said. “That’s why I think 2024 is a relatively good year for Vietnam.”

Ho, however, warned of challenges in Vietnam’s real estate sector despite his optimism that it will recover this year.

“There is a demand for real estate products, whether it is low- or middle-income housing, (and) there is a need to develop these assets,” Ho noted. “And if (the) government starts approving these projects much faster, the banking system will provide capital for these developers to move forward.”

– Charmaine Jacob

This action-packed week, including earnings from Big Tech companies and a Federal Reserve policy meeting, could dictate the next steps for the market’s rally, said Tom Lee of Fundstrat Global Advisors.

The S&P 500 and Dow Jones Industrial Average closed at new highs on Monday, boosted by a rise in Big Tech stocks. “We were expecting new highs by the end of January, which was predicted,” Lee said on “Last Call.” “And I think this week will tell us how much further we can go.”

In this sense, Microsoft and Alphabet will present their quarterly reports on Tuesday, while Meta Platforms, Apple and Amazon will do so on Thursday. Amid that, the Federal Reserve’s two-day policy meeting will conclude on Wednesday with a decision on rates.

Read more about what Tom Lee expects this week here.

–Darla Mercado

The Federal Reserve begins its two-day meeting on Tuesday and concludes with a policy decision the next day. Fed funds futures prices suggest a high probability that the central bank will stay firm on rates.

Still, rates on a variety of consumer products have risen since the Federal Reserve began tightening them in March 2022.

For example, a 30-year fixed-rate mortgage has an interest rate of 6.9% as of the week of January 26, according to MND. That’s up from 4.29% on the week of March 11, 2022. Annual percentage yields on credit cards also skyrocketed to 20.74% on the week of January 26, according to Bankrate. That’s more than 400 basis points higher than its level before the Federal Reserve began raising rates.

There is a silver lining: The higher rate environment has helped boost returns on a variety of savings products and fixed income investments.

The 10-year Treasury yield was 4.076% on Monday. During the week of March 11, 2022, it returned 2.006%. A five-year CD has an APY of 2.87%, up from 0.5% before this rate hike cycle began, according to Haver. Annual money market yields were 0.51% in the week of Jan. 26, down from 0.08% before the central bank began raising rates, Haver found.

–Nick Wells, Darla Mercado

With only two full trading days left in the month of January, all three major indices are on track to gain. But some have had better results than others.

Here is where the top three indices stand compared to the start of the first month of 2024:

• The blue-chip Dow Jones is up 1.7%.
• The broad S&P 500 has advanced 3.3%.
• The Nasdaq Composite, with a large technological component, has obtained better results, rising 4.1%.

—Alex Harring

These are some of the stocks that make notable movements after hours:

• Woodward: Shares rose 5% after the manufacturer beat analyst expectations in both lines and raised its full-year guidance.
• Sanmina: The manufacturer soared 15% after beating the consensus earnings per share forecast and offering a better outlook for the current quarter than analysts anticipated.
• Whirlpool: The household products maker lost 4% after sharing full-year guidance that was worse than Wall Street anticipated.

See the full list here.

—Alex Harring

S&P 500 futures were little changed shortly after 6 p.m. ET. Nasdaq 100 futures were also almost flat, while Dow futures fell about 0.1%.

—Alex Harring