La Jornada: Markets fall in NY and Mexico

The combination of rising geopolitical tensions and renewed doubts about the sustainability of the rally, fueled by artificial intelligence (AI), led most stock markets in the world to declines while the dollar appreciated.

The Nasdaq lost 1.55 percent and closed at 25,873.18 integers. The S&P 500 lost 0.79 percent, to 7,515.84 points, while the Dow Jones lost 0.26 percent and was trading at 52,498.82 points.

The expansion of artificial intelligence threatens greater inflation, due to the increase in the cost of electronic devices and electricity.

The Mexican Stock Exchange fell 0.79 percent, to 65,973.08 points, where Volaris lost 5.96 percent, Asur, 2.42 percent; Gap, 1.17 percent; Mexico Group, 1.74 percent; Peñoles, 2.98 percent, amid the fall of metals, such as gold, which fell 2.01 percent.

Meanwhile, the DXY index (the dollar against six currencies) rose 0.32 percent, to 101.08 units, as geopolitical tensions around the Middle East boosted the price of energy and raised expectations of greater inflationary pressures in the short term, Monex noted. The Mexican peso operated yesterday with a daily depreciation of 0.26 percent, to close at 17.5240 units per dollar spot, indicated the Bank of Mexico.