Overview of the U.S. Stock Market Performance
The U.S. stock market concluded Thursday’s trading session with losses, despite two tech titans, Meta (formerly Facebook) and Microsoft, exceeding earnings estimates for the second quarter of the year.
- Major Indices Performance:
- Dow Jones Industrial Average: -0.74% to 34,130.98 points
- S&P 500: -0.37% to 6,339.45 points
- Nasdaq Composite: -0.03% to 21,122.45 points
- Market Trends:
- Dow Jones experienced four consecutive days of losses.
- S&P 500 had three straight days in the red.
- Nasdaq fell in two of its last three trading sessions.
- July’s monthly performance:
- S&P 500: +2.2%
- Dow Jones: +0.1%
- Nasdaq: +3.7%
Factors Affecting the Market
A factor that failed to bolster the market was a statement by U.S. Treasury Secretary Janet Yellen, indicating that negotiations with China are at a stage where both parties have the foundations for an agreement.
Mexican Stock Market Performance
The Mexican stock market maintained a cautious tone at the close of trading on Thursday, following news that the U.S. would continue trade negotiations with Mexico beyond August 1st.
- Mexican Indices Performance:
- S&P/BMV IPC: 57,397.93 points
- FTSE-BIVA (Biva’s most representative index): +0.09% to 1,154.88 points
- Monthly Performance:
- S&P/BMV IPC: -0.13%
- FTSE-BIVA (Biva): -0.33%
Key Questions and Answers
- Q: Who are Meta and Microsoft, and why are they important?
- Q: What are the implications of the U.S. continuing trade negotiations with Mexico?
- Q: How did the major U.S. stock market indices perform in July?
A: Meta (formerly Facebook) and Microsoft are two of the largest technology companies in the world. Their strong earnings reports indicate a healthy tech sector, which typically supports broader market growth.
A: The continuation of trade negotiations may introduce uncertainty in the Mexican market, as investors weigh potential changes in trade policies and their impact on businesses operating across the U.S.-Mexico border.
A: The S&P 500 and Dow Jones had positive months, gaining 2.2% and 0.1%, respectively. The Nasdaq Composite saw a more substantial increase of 3.7%.
