Wall Street closed mixed on Tuesday as markets awaited Donald Trump's ultimatum to Iran to reopen the Strait of Ormuz. Hours after the close, Trump announced a bilateral ceasefire agreement. Mexico's BMV fell 0.66% amid geopolitical tensions.
Wall Street's main indexes ended mixed on Tuesday. The Dow Jones fell 0.18% to 46,584.46 points, while the Nasdaq rose 0.10% to 22,017.85 and the S&P 500 gained 0.08% to 6,616.85 points. Actinver analysts noted pressure eased after Pakistan's prime minister requested a two-week extension to the deadline, urging Tehran to reopen the Strait of Ormuz.
Trump had threatened to destroy Iran's power plants, bridges, and roads to return the country to the 'Stone Age'. On his Truth Social network, he warned: “Tonight an entire civilization will die, never to return (...) I don't want that to happen, but it is likely to occur”. Hours after the market close, he announced the ceasefire.
In Mexico, the Bolsa Mexicana de Valores (BMV) fell 0.66%, with the IPC at 68,529.22 points, marking two negative sessions. The FTSE-BIVA dropped 0.64% to 1,368.53 points. The Mexican peso appreciated 0.4% to 17.7 units per dollar, per Banco de México.
In commodities, West Texas Intermediate fell 0.80% to $111.81 per barrel and Brent dropped 3.26% to $106.18, as markets watched for the Strait's reopening. Apple declined 2.07% due to foldable iPhone challenges, per Nikkei Asia. European markets closed lower, with the DAX down 1.06%.
