Overview
- The Federal Reserve lowered its benchmark rate by 25 basis points to a 3.75%–4.00% range in a 10–2 vote, with guidance indicating no guarantee of another cut this year.
- Wall Street ended mixed with the Dow down 0.16%, the S&P 500 flat, and the Nasdaq up 0.55% to a record close, helped by Nvidia’s more than 3% gain and market value above $5 trillion.
- Alphabet shares climbed after hours on record revenue of $102.35 billion, Microsoft slipped despite beating estimates due to OpenAI-related losses, and Meta dropped after an 83% plunge in net income.
- Mexico’s S&P/BMV IPC and FTSE BIVA closed at all-time highs, up 0.89% and 0.83% respectively, bringing year-to-date gains to roughly 28% and 25%.
- Volaris fell 4.69% after the U.S. government revoked approval for 13 routes from Mexican carriers and canceled combined passenger and cargo flights.