Overview

• The Dow Jones fell 0.45%, the S&P 500 lost 0.25% and the Nasdaq Composite dipped 0.30% as investors locked in gains from record or near-record levels
• Traders are eyeing Tuesday’s U.S. CPI release and Thursday’s producer price index to assess the likelihood of a 25-basis-point cut at the Fed’s mid-September meeting
• Mexico’s S&P/BMV IPC rose 0.47% to 58,342.87 points, driven by a 5.01% surge in Genomma Lab, while the FTSE BIVA climbed 0.37%
• INEGI reported that industrial activity in Mexico fell 0.1% month-on-month in June and declined 0.4% year-on-year, highlighting domestic growth pressures
• A new 90-day extension of the U.S.-China tariff truce was confirmed but did little to ease trade-related uncertainty