Overview
- U.S. stocks closed higher on Wednesday after justices questioned President Donald Trump’s authority to impose tariffs, with the Dow up 0.48%, the S&P 500 up 0.37% and the Nasdaq up 0.65%.
- Private payrolls rose by 42,000 in October, according to ADP, a data point taking on extra weight as the prolonged shutdown limits official labor reports.
- Thursday trading turned cautious with mixed-to-lower moves as investors focused on semiconductor updates, including pressure on Qualcomm and ARM and heightened sensitivity to AI-related guidance.
- Mexico’s S&P/BMV IPC notched fresh all-time highs, while the peso held steady as markets widely expect Banco de México to cut the policy rate by 25 basis points.
- Argentine sovereign bonds paused after a postelection rally, with the J.P. Morgan risk index at 621 basis points and select ADRs in New York retreating.