The Mexican stock market closed higher on Monday, May 18, while Wall Street posted mixed results amid uncertainty over a potential United States-Iran agreement.
The Mexican stock exchange’s main index rose 0.63 percent to 68,405.2 points. The gain ended two straight sessions of declines after a 2.69 percent drop the previous week.
In New York the Nasdaq fell 0.51 percent to 26,090.73 points. The S&P 500 slipped 0.07 percent to 7,403.05, while the Dow Jones gained 0.32 percent to 49,686.12.
Analysts linked the volatility to mixed signals on energy flows through the Strait of Hormuz. Louis Navellier, chief investment officer at Navellier & Assocs, warned that energy prices could rise if flows do not resume within a month.
Seagate dropped 6.8 percent and pulled down Micron Technology, which fell 5.9 percent, and Sandisk, which declined 5 percent. West Texas Intermediate crude rose 3.07 percent to 108.66 dollars per barrel.
