Actions on Wall Street took a severe hit with the Nasdaq down 2.06%, the S&P 500 down 1.29%, and the Dow Jones down 0.65%. This decline came after disappointing forecasts from Microsoft and Meta Platforms raised concerns about whether the frenzy in artificial intelligence that has driven the bull market had reached excessive levels.
An indicator of the megacaps of the "Seven Magnificent" fell 3.1%, reflecting uncertainty among investors. Analysts at Grupo Financiero Banorte noted that, in addition to the discouraging results from Microsoft and Meta, reports from Amazon and Apple are awaited with interest, while economic data that could shed light on the possibility of interest rate cuts by the Federal Reserve (Fed) is evaluated. Microsoft registered a drop of 5.8% and Meta a drop of 4%.
On the international front, oil prices rose for the second consecutive day, motivated by the decrease in crude inventories in the United States and ongoing conflicts in the Middle East.
In the Mexican Stock Exchange, the S&P/BMV IPC showed a decline of 0.21%, reaching 50,768.36 points, while the FTSE-BIVA of the Institutional Stock Exchange experienced an increase of 0.06%, standing at 1,046.91 units.
In Europe, the declines were led by France's CAC 40 with a drop of 1.30%, followed by Germany's DAX with a decrease of 1.17%, London's FTSE 100 with a drop of 1.03%, and Spain's IBEX 35 falling 0.67%.
Prices in the international oil market showed an increase after a reduction in crude inventories was announced in the United States. Meanwhile, Super Micro Computer continued its downward trend with a 42% drop.
Gold also retreated as some investors decided to lock in profits after reaching a new record. Apple and Amazon.com, which will report their results at the end of the day, also experienced declines in their stocks. West Texas Intermediate (WTI) rose 1.36%, standing at $69.54 per barrel, and Brent increased by 1.10%, reaching $73.35 per barrel.
