The stocks started trading near session highs, while the price of oil fell after President Donald Trump's statements at the World Economic Forum in Davos. The Dow Jones Industrial Average was the only one to record an advance of 0.23%, reaching 44,259.30 points. On the other hand, the Nasdaq fell by 0.40% to 19,931.95 units, and the S&P 500 was at 6,082.16 points with a decrease of 0.08%. The Russell 2000 advanced by 0.2%.
Analysts from Grupo Financiero Ve por Más highlighted that the markets could operate cautiously awaiting Trump’s statements at the World Economic Forum. In his speech, Trump urged OPEC countries to reduce oil prices and threatened to impose tariffs to promote the manufacturing industry in the United States. He also demanded an immediate reduction in interest rates.
In contrast, European markets showed positive movements, with Spain's IBEX 35 rising by 0.77%, France's CAC 40 by 0.59%, Germany's DAX by 0.38%, and London's FTSE 100 by 0.32%. On the Mexican Stock Exchange, the S&P/BMV IPC registered a decline of 0.96%, standing at 50,457.68 points, while the FTSE-BIVA fell by 1.14%, approaching 1,021.23 units.
In the international oil market, both West Texas Intermediate and Brent stopped their downward trend. The former rose by 0.66% to $75.94 per barrel, while the latter increased by 0.61%, trading near $79.48 per barrel. The semiconductor index of the Philadelphia Stock Exchange fell by 1.0%.
With information from Bloomberg.
