The fall of some of the largest tech companies weighed down stocks on the exchanges. On the New York Stock Exchange, the Dow Jones Industrial Average is down 0.66%, standing at 42,642.29 points. The Nasdaq drops 0.61%, reaching 18,459.28 units, and the S&P 500 loses 0.47%, sitting at 5,822.99 points.
Analysts from Bx+ mention that markets may operate cautiously in light of limited expectations for the Federal Reserve to continue easing its monetary stance, the contested elections in the U.S., and the corporate earnings season. Stocks fell for the third consecutive day, with Nvidia leading the decline. Apple dropped after iPhone orders decreased, and Qualcomm was affected by the cancellation of a license by Arm Holdings.
On the Mexican Stock Exchange, the S&P/BMV IPC index opens with a decline of 0.28%, settling at 52,219.67 units. In Europe, the variations are mixed, with Spain's IBEX 35 rising and London's FTSE 100 leading the losses.
Regarding oil, international prices report drops of 1.13% for West Texas Intermediate, at $70.93 per barrel, and a contraction of 1.08% for Brent, trading at $75.22 per barrel.
Gold retreated from a historic high as some investors took profits. In New York, the price of gold fell by as much as 1.5%, while the recent rise of the precious metal to successive highs may be considered excessive by some traders. The price of gold had reached a new record of $2,758.49. Investors remain nervous due to geopolitical risks in the U.S. and the Middle East. Wall Street indices are falling at the start of the day, with regional conflicts also generating concerns.
