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Stocks Rebound in Mexico and the U.S. as Softer U.S.–China Tone Lifts Tech

Traders now shift focus to América Móvil’s earnings that kick off Mexico’s third‑quarter season.

Overview

  • Mexico’s S&P/BMV IPC rose 0.79% to 61,045.09 and the FTSE BIVA gained 0.98%, recovering after two sessions of losses, with miners such as Peñoles and Grupo México leading early gains.
  • Wall Street rallied with the Nasdaq up 2.21%, the S&P 500 up 1.56% and the Dow up 1.29%, led by technology shares.
  • Broadcom jumped 9.87% after a reported agreement with OpenAI to develop custom chips and networking gear, while NVIDIA and other tech names also advanced.
  • Sentiment improved after President Donald Trump signaled a softer stance on China following recent tariff threats, easing trade‑tension worries that hit markets late last week.
  • Caution persists due to the Banamex saga and CIBanco’s liquidation, the partial U.S. government shutdown with an October 15 payrolls deadline, and earnings risk, including América Móvil’s results on October 14.