Overview
- The Dow Jones and S&P 500 notched record closing highs in a shortened midweek session, with Friday trading keeping U.S. benchmarks near their peaks.
- The S&P 500 reached a fresh intraday high near 7,000 as the Dow sat about 0.3% from its December 12 peak, based on early Friday quotes.
- Mexico’s S&P/BMV IPC advanced to new all-time levels after Christmas, topping 65,800 intraday, while the local rally extended to a fourth straight record.
- Gains have been supported by a rebound in AI-linked shares and a rotation into cyclicals such as financials and materials, with Industrias Peñoles and Grupo México leading in Mexico.
- Year-to-date returns show double-digit gains for major U.S. indexes and stronger advances for Mexico’s IPC and FTSE BIVA, with seasonal Santa Claus dynamics shaping moves in low liquidity.