Overview
- U.S. stocks fell for a fourth straight session on Dec. 31, yet the year closed higher with the S&P 500 up 16.39%, the Nasdaq up 20.36% and the Dow roughly 12.9%.
- Mexico’s S&P/BMV IPC rose 29.88% to 64,308.29, led by materials and standout gains from Industrias Peñoles (~+255%), Gentera (+89%) and Cemex (+77%).
- Precious‑metal strength buoyed Mexican miners, while heavy AI investment and three Fed rate cuts underpinned U.S. equity returns despite a late‑December pullback tied to tech valuation concerns.
- Brokerages Ve por Más and Monex favor cyclical and consumption names for 2026, highlighting Coca‑Cola FEMSA, Arca Continental, Alsea, OMA, GAP, Becle, Genomma, Gruma, Walmart and Grupo México on catalysts such as the 2026 FIFA World Cup, T‑MEC trade dynamics and monetary normalization.
- Argentine ADRs saw mixed, low‑volume moves in the final session, and The Economist reported investors broadly expect further S&P 500 gains in 2026 even as U.S. equities remain expensive.