Wall Street Indices Reach New Peaks
On Tuesday, the three major indices on Wall Street—the S&P 500, Nasdaq, and Dow Jones Industrial Average—all closed at record highs. UnitedHealth’s rise and a downward revision in payroll figures supported expectations that the Federal Reserve will soon cut interest rates to bolster economic growth.
Key Performance Highlights
- S&P 500: Increased by 0.27% to reach 6,512.66 points, surpassing its previous record from the preceding Thursday.
- Nasdaq: Gained 0.37% to close at 21,879.49 units, marking its second consecutive record-high close.
- Dow Jones Industrial Average: Rose by 0.43% to 45,711.34 points, surpassing its previous record close on August 28.
Eight out of eleven S&P 500 sector indices rose, with communication services leading the way at a 1.64% increase, followed by utilities with a 0.71% gain.
Year-to-date, the S&P 500 has gained 11%, while the Nasdaq has increased by 13%. This performance is fueled by enthusiasm around artificial intelligence and expectations of lower borrowing costs.
Mexican Indices Also Hit Historical Highs
The Mexican stock market experienced a relatively flat day on Tuesday, with gains sufficient to renew historical records amid varied economic updates and a positive trend for the year.
Key Mexican Index Performance
- S&P/BMV IPC: Advanced 0.05% to 60,679.53 points.
- FTSE-BIVA: Increased by less than a point to 1,212.87 units.
The S&P/BMV IPC reached its historical high for the fourth consecutive time, while the FTSE-BIVA marked its third record close in a row.
The market incorporated the government’s 2026 economic package, estimating that the economy will accelerate growth in the following year while reducing public deficit relative to GDP.
Employment Data Suggests Slowing Job Growth
According to the U.S. government, the economy created 911,000 fewer jobs over the twelve months ending in March than previously estimated. This suggests that job growth had already stalled before President Donald Trump implemented global tariffs.
Key Questions and Answers
- Q: Which U.S. indices reached historical highs? A: The S&P 500, Nasdaq, and Dow Jones Industrial Average all closed at record highs on Tuesday.
- Q: What factors contributed to the rise in U.S. indices? A: Enthusiasm around artificial intelligence and expectations of lower borrowing costs fueled the performance.
- Q: How did Mexican indices perform? A: The S&P/BMV IPC and FTSE-BIVA both hit historical highs, with the former reaching records for four consecutive times and the latter for three.
- Q: What does the employment data suggest about job growth in the U.S.? A: The data indicates that job growth had already slowed before President Donald Trump’s tariffs were implemented.
