The Fed is expected to announce its first decision during the Trump era. On Wall Street, the Nasdaq shows a setback of 0.39 percent, reaching 19,655.82 points; the S&P 500 gives up 0.11 percent, standing at 6,061.87 points; and the Dow Jones adds 0.19 percent, reaching 44,937.61 units.
Traders are focused on the corporate earnings results of Meta, Microsoft, and Tesla, three of the companies in the 'Magnificent Seven' group. The profits of these companies continue to rise, outperforming the rest of the market, although growth is expected to be the slowest in almost two years. Apple experienced a drop after a downgrade from analysts.
Nvidia, which sank 17 percent last week and is barely recovering, has faced new pressure. On the other hand, the Fed is expected to pause interest rate cuts, and traders are looking for signals from President Jerome Powell about inflation. Jorge Gordillo, director of economic analysis at CI Banco, mentioned that market attention will be focused on the Fed's decision and Powell's press conference.
In local markets, the Mexican Stock Exchange shows mixed numbers at the open. The S&P/BMV IPC increases by 0.03 percent, reaching 51,549.22 points, while the FTSE-BIVA decreases by 0.07 percent, reaching 1,041.67 points. In Europe, stock indices register increases in Germany, Spain, and London, except for France which decreases by 0.31 percent.
In the international oil market, West Texas Intermediate falls by 0.47 percent, trading at 73.42 dollars per barrel, while Brent declines by 0.27 percent, reaching 77.28 dollars per barrel. Equity trading reflects caution in its early hours of trading, with investors preparing for the Federal Reserve's monetary policy decision.
