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55m ago

Wall Street Slips After PCE Report Following AI-Driven Record Closes

Fresh inflation readings matched forecasts, tempering risk appetite as investors reassess rate‑cut timing.

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El S&P Merval marca un retroceso fuerte en lo que va de agosto.
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Overview

  • S&P 500 and Dow Jones set record closes on August 28 on the back of strong AI earnings, even as Nasdaq also advanced.
  • Nvidia posted roughly $46.7 billion in quarterly revenue with record profit, yet its shares dipped after guidance excluded potential China sales.
  • The U.S. economy was revised to 3.3% annualized growth in Q2, a stronger reading that supported Thursday’s rally.
  • July PCE inflation rose 0.2% month over month and core PCE increased 0.3%, in line with estimates, and U.S. futures turned lower afterward.
  • Mexico’s S&P/BMV IPC opened down 0.31% as Wall Street softened, while investors also tracked tensions between President Donald Trump and the Federal Reserve following Governor Lisa Cook’s legal challenge.