Wall Street Faces Deeper Losses Amid Fed Uncertainty

Wall Street is experiencing significant losses as Fed officials indicate no urgency to cut interest rates, while global markets also trend down. Key indices in New York reflect these drops amidst investor caution.


Wall Street Faces Deeper Losses Amid Fed Uncertainty

In Wall Street, losses have intensified after some Fed officials reiterated that the latest economic data do not justify an urgent cut in interest rates. The Nasdaq is down 1.27%, positioned near 18,860.62 points, followed by the S&P 500 with a drop of 0.72% and the Dow Jones decreasing by 0.30%.

Analysts from Monex point out that global markets are showing negative movements following Jerome Powell's statements about his cautious stance on cutting interest rates. Uncertainty adds to concerns over new appointments in Trump’s cabinet and potential key announcements.

In contrast, European indices show gains, led by Spain's IBEX 35 with an increase of 0.97%, followed by Germany's DAX with a rise of 0.06% and London's FTSE 100 which is up 0.01%.

Locally, the S&P/BMV IPC of the Mexican Stock Exchange registers an increase of 0.19%, reaching 50,649.86 units, while the FTSE-BIVA of the Institutional Stock Exchange grows by 0.41%, reaching 1,040.50 points.

In the international oil market, both West Texas Intermediate (WTI) and Brent are trading in the red, with declines of 0.96% and 0.94% respectively. WTI is at $68.04 per barrel and Brent at $71.88 per barrel.