Tech Weakness Extends U.S. Stock Retreat as Mexico’s IPC Falls 0.74%

Investors reassessed rate-cut prospects, leaving AI-linked leaders under pressure.

Overview

U.S. stocks declined for a second session from recent records, with the Dow at 46,121.28 (-0.37%), S&P 500 at 6,637.98 (-0.28%) and Nasdaq at 22,497.86 (-0.33%).
Losses were led by technology and AI-related shares, including a drop in NVIDIA, after an AI-fueled run-up.
Mixed messaging from Federal Reserve officials kept the timing of potential rate cuts uncertain, tempering risk appetite.
Mexico’s S&P/BMV IPC fell 0.74% to 61,905.95 and the FTSE-BIVA slipped 0.77% to 1,238.55, pausing a stretch of gains.
Megacable sank 6.73% while Grupo México rose 4.24%, as analysts cited resilient fundamentals and appealing local valuations in services and consumption.