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Fed Cut Lifts U.S. Stocks to Records on Tech Rally as Mexico Pulls Back

A volatile Nutrisa listing alongside a stronger dollar dulled Mexican risk appetite.

Overview

  • The Federal Reserve reduced its policy rate by 25 basis points to a 4.00%–4.25% range and indicated the prospect of additional cuts this year.
  • The Dow, S&P 500 and Nasdaq closed at new highs, with tech strength supported by NVIDIA’s plan to invest about $5 billion for roughly 4% of Intel.
  • Mexico’s S&P/BMV IPC fell 0.44% to 61,323.95 and the FTSE BIVA slipped 0.54%, halting a three‑session advance after earlier highs this week.
  • Grupo Nutrisa returned to trading with a 321.62 million‑share issuance and closed down about 11% after intraday losses of roughly 18%.
  • The peso weakened around 0.41% to 18.37 per dollar as local debt yields climbed, reflecting a rotation toward U.S. assets.