Wall Street Ends Mixed Amid AI Market Buzz

Posted on November 3, 2025 by Ignacio Teson

Wall Street’s main indexes closed mixed on Monday, with investors focused on artificial intelligence (AI) plays while some major tech names moved out of sync with the broader market trend.

Nasdaq is up this week as tech stocks perform very well.

The Dow Jones Industrial Average slipped 0.48% to 47,336.68, while the S&P 500 inched up 0.17% to 6,851.97. The Nasdaq Composite, driven by tech shares, advanced 0.46% to 23,834.72.

[[SPX-graph]]

Nvidia rose 2.20% after Microsoft announced a $15.2 billion investment in the United Arab Emirates to develop AI infrastructure, along with export licenses to ship Nvidia chips to the country.

Amazon.com shares jumped 4.03%, hitting a record high earlier in the session after unveiling a multi-year $38 billion cloud services deal with OpenAI, the developer of ChatGPT.

Palantir Technologies climbed 3.42% ahead of its earnings release after the close. The AI-focused data platform firm has surged 165% year-to-date and continued to rise in after-hours trading.

On the downside, Kimberly-Clark plunged 14.55% after announcing plans to acquire Kenvue—which gained 12.3%—in a deal valuing the company at $48.7 billion.

Market Outlook and Drivers

Investors are also awaiting fresh labor market data this week, including the JOLTS job openings report on Tuesday and Challenger’s job cuts survey on Thursday.

Meanwhile, internal divisions within the Federal Reserve are drawing attention. Lorie Logan of the Dallas Fed and Beth Hammack of the Cleveland Fed both opposed last week’s rate cut, according to Hang Seng Bank’s daily report. “Both will have voting rights next year, signaling deeper policy splits within the Fed,” the report said.

Over the past two weeks, six of the “Magnificent Seven” tech giants have reported quarterly results—Nvidia, now the world’s largest company by market capitalization, is the only one yet to report. Its earnings are due November 19.

Before then, several key updates are expected: Palantir’s results later today and AMD’s quarterly report tomorrow.

Mexican Peso Snaps Losing Streak—Defies Stronger Dollar

Posted on November 3, 2025 by Ignacio Teson

The Mexican peso strengthened on Monday after four consecutive sessions of losses, defying a stronger U.S. dollar as investors look ahead to this week’s key interest rate decision by the Bank of Mexico (Banxico).

The exchange rate closed at 18.4847 pesos per dollar, compared with 18.5796 on Friday, according to official Banxico data. The move left the peso with a 0.51% gain, equivalent to 9.49 centavos.

Throughout the session, the dollar traded in a narrow range between a high of 18.5668 and a low of 18.4652 pesos. The U.S. Dollar Index (DXY), which measures the greenback against six major currencies, edged up 0.08% to 99.88 points.

[[USD/MXN-graph]]

Earlier in the day, Banxico reported that remittances to Mexico—one of the country’s most important sources of income for millions of families—fell slightly in September, marking the sixth consecutive monthly decline. So far this year, remittances have totaled $45.68 billion, representing a 5.5% year-over-year contraction.

At the same time, private-sector analysts maintained their outlook for weak economic growth of just 0.5% in 2025 but slightly lowered their inflation forecast to 3.78% from 3.85%, according to the central bank’s latest survey.

The peso’s recovery follows a four-day losing streak in which it weakened nearly 1%, pressured by diminished expectations of a Federal Reserve rate cut in December and soft domestic GDP data. Despite the rebound, traders note that the USD/MXN pair remains within its medium-term range of 18.30 to 18.60, a zone that has contained price action throughout October.

Technical analysts view 18.40 pesos per dollar as a pivotal level, given the heavier trading volumes seen there last month. Unless new catalysts emerge, the exchange rate could remain range-bound ahead of Banxico’s upcoming decision, which may determine the peso’s next direction.

Amazon Skyrockets After $38 Billion Deal with OpenAI

Posted on November 3, 2025 by Ignacio Teson

Amazon shares (AMZN) surged on Wall Street after the company confirmed a $38 billion deal with OpenAI to expand artificial intelligence (AI) infrastructure in a strategic partnership that will significantly boost the creator of ChatGPT’s computing and storage capacity.

Amazon Web Services (AWS) announced the seven-year agreement, which grants OpenAI access to AWS’s high-performance computing power. Following the news, Amazon’s stock jumped 4.9% on the New York Stock Exchange.

The full computing capacity covered by the deal is expected to be deployed by the end of the year, with OpenAI retaining the option to expand its use of AWS beyond 2027.

OpenAI said AWS “has exceptional expertise in operating large-scale AI infrastructure securely, reliably, and efficiently, with clusters exceeding 500,000 compute units.” The company highlighted AWS’s leadership in cloud infrastructure and the synergy between OpenAI’s advances in generative AI and Amazon’s cutting-edge hardware.

The clusters will support a range of workloads, and Amazon plans to deploy thousands of chips, including Nvidia’s GB200 and GB300 AI accelerators.

“This partnership will bring advanced AI to everyone”

OpenAI CEO Sam Altman stated, “Scaling frontier AI requires massive and reliable compute capacity. Our partnership with AWS strengthens the compute ecosystem powering this new era and brings advanced AI to everyone.”

Meanwhile, Dave Brown, AWS’s Vice President of Compute and Machine Learning Services, noted: “This is a completely separate capacity we’re deploying. Part of it is already online, and OpenAI is already using it.”

U.S. Tariffs Hit Hard: Global Manufacturers Feel the Pain

Posted on November 3, 2025 by Ignacio Teson

Weak U.S. demand and President Donald Trump’s tariffs have slowed the recovery of major manufacturing economies, as new factory orders faltered, according to recent business surveys.

The eurozone suffered the most, with new orders stagnating and employment levels falling, its latest Purchasing Managers’ Index (PMI) showed. U.S. trade measures have taken a clear toll on Europe’s key industrial hubs, while Asian economies are also seeing signs of strain and hesitation.

In an effort to ease tensions, Trump and Chinese President Xi Jinping agreed last week to postpone reciprocal tariffs for one year, signaling a cautious pause in the trade standoff.

Countries Most Affected by U.S. Measures

Germany, the eurozone’s export powerhouse, showed another slowdown in output growth—engineering orders plunged in September—with little sign of a rebound. France’s manufacturing sector remained weak, while Italy’s posted a slight contraction.

Across Asia, exporters remain wary of U.S. demand, as both China and South Korea reported declines in export orders and manufacturing activity. China’s factory output fell for the seventh consecutive month.

Only a few countries managed to buck the trend. Spanish factories expanded at a faster pace than in September, standing out among the eurozone’s four largest economies.

Outside the European Union, U.K. factories had their best month in a year—but that surge was largely due to a one-off rebound after Jaguar Land Rover resumed production following a major cyberattack.

Dow Jones Extends Winning Streak — Six Months and Counting

Posted on November 1, 2025 by Ignacio Teson

The leading U.S. stock indexes closed higher on Thursday, ending the month near record levels.

Wall Street Extends Winning Streak as Dow and Nasdaq Hit New Records

Wall Street finished the session in positive territory, recovering from early losses in a volatile day that saw Apple swing between gains and losses before closing slightly lower, while Amazon held firm near the top of the leaderboard throughout the session.

The Dow Jones Industrial Average rose 0.09% to 47,562.69 points, the S&P 500 added 0.27% to 6,840.56, and the Nasdaq Composite gained 0.61% to 23,724.96.

[[SPX-graph]]

For the month of October, all three major benchmarks posted solid gains: the Dow Jones climbed 2.5%, the S&P 500 advanced 2.2%, and the Nasdaq Composite jumped 4.6%. Notably, the Dow extended its winning streak to six consecutive months, marking its longest run of gains since 2018.

Investor Focus: Fed Caution and U.S.–China Diplomacy

Investors are still digesting the Federal Reserve’s latest policy decision. While the Fed cut interest rates by 25 basis points this week, Chair Jerome Powell signaled that another reduction in December “is not a sure thing,” tempering expectations for aggressive monetary easing.

Meanwhile, U.S. President Donald Trump met with Chinese President Xi Jinping on Thursday, calling the encounter “magnificent and extraordinary,” though offering few details on how both sides plan to ease trade tensions. Trump said he expects a trade agreement with China “very soon,” claiming only minor obstacles remain. He did not specify a signing date but announced plans to visit China in April.

Earnings Highlights: Tech Leaders Power Gains

Early-week concerns about tech sector spending eased somewhat after strong quarterly results from two of Wall Street’s biggest names rekindled investor optimism.

Apple shares slipped 0.3% despite upbeat guidance, as the iPhone maker forecast 10–12% revenue growth for the holiday quarter, driven by strong demand for its new iPhone 17 lineup.

Amazon surged 9.5% after reporting quarterly earnings that topped expectations, supported by a rebound in retail margins and continued strength in its cloud division, Amazon Web Services.

Netflix rose 2.7% after announcing a 10-for-1 stock split, while Exxon Mobil fell 0.3% following a year-over-year decline in third-quarter profit, hit by lower oil prices amid rising OPEC+ production.

Mexican Peso Takes a Hit: Down 1.45% Against the Dollar in October

Posted on November 1, 2025 by Ignacio Teson

The Mexican peso weakened against the U.S. dollar in the final session of the week, pressured by a stronger greenback and a weak domestic economic report — factors that deepened its accumulated losses for the month.

The exchange rate closed at 18.5796 pesos per dollar, compared with 18.5476 in the previous session, according to official data from the Bank of Mexico (Banxico). That represented a decline of 3.20 centavos, or 0.17%.

Throughout the day, the dollar traded between a high of 18.5966 and a low of 18.5235 pesos. The U.S. Dollar Index (DXY) — which tracks the greenback against six major currencies — rose 0.18% to 99.72 points.

The peso has now fallen for four consecutive sessions, breaking above the key 18.50 level that had previously held firm. Today’s close marks a monthly loss of 26.49 centavos, or 1.45%, compared with 18.3147 pesos at the end of September.

[[USD/MXN-graph]]

Dollar Strength

The dollar gained ground after traders scaled back expectations for another Federal Reserve rate cut in December. Fed Chair Jerome Powell said Wednesday that another reduction was “not guaranteed.”

According to Powell, an increasing number of Fed officials are inclined to delay further easing. Dallas Fed President Lorie Logan echoed that sentiment Friday at a banking conference, stating that policymakers should not move forward with another cut in December.

The peso’s weakness was driven by this dollar strength, as markets adjusted to the possibility that the Fed may keep rates steady longer than expected.

Weak GDP Data

On the domestic front, preliminary figures released Thursday showed that Mexico’s GDP contracted 0.3% in the third quarter compared with the April–June period, based on seasonally adjusted data. On an annual basis, GDP fell 0.2% in original terms.

The national economy’s decline was mainly due to a sharp drop in industrial activity, reinforcing perceptions of an economic slowdown that could extend into 2026.

Bitcoin’s Winning Streak Snaps — First October Loss Since 2017

Posted on October 31, 2025October 31, 2025 by Ignacio Teson

Bitcoin (BTC) fell 5% this month, breaking a six-year streak of October gains as geopolitical tensions and Federal Reserve uncertainty weighed on markets.

The world’s largest cryptocurrency trades near $109,860, up 1.2% in the last 24 hours, while Ethereum (ETH) rises 0.5% to $3,800, according to Binance.

The broader crypto market remains mixed. XRP climbs 0.4%, regaining third place by market cap after Binance Coin (BNB) slipped 2.1%. Solana (SOL) fell 0.7%, Cardano (ADA) dropped 1.3%, and Dogecoin (DOGE) edged up 0.5%.

[[BTC/USD-graph]]

“Uptober” No More

Bitcoin’s roughly –5.6% monthly return marks its first October loss since 2017, ending what traders dubbed “Uptober.” To erase the decline, BTC would need to close above $114,000 — an unlikely feat given current levels.

Fed and Global Tensions Pressure Crypto

Bitcoin’s downturn follows renewed geopolitical strains in the Middle East and Eastern Europe, as well as mixed signals from the Federal Reserve.

While the Fed delivered the expected rate cut and ended balance sheet reduction, Chair Jerome Powell warned that markets shouldn’t assume another cut in December, citing growing divisions within the central bank and limited data due to the ongoing U.S. government shutdown.

“If there’s a high degree of uncertainty, that could be an argument for caution when taking further action,” Powell noted.

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Amazon Shares Soar After Strong Earnings

Posted on October 31, 2025 by Ignacio Teson

The leading stock indexes in New York are looking to recover after recording their steepest declines since October 10 on Thursday.

Tech Titans Lift Wall Street as Nasdaq Extends Record Run

Wall Street’s main benchmarks were trading in positive territory during Friday’s premarket session, as upbeat forecasts from Apple and Amazon—released after Thursday’s close—help restore investor confidence following the biggest one-day drop in more than three weeks.

In early trading, the S&P 500, which tracks the largest companies listed on the New York Stock Exchange, is up 0.49%, while the tech-heavy Nasdaq Composite gains 1.02%. The Dow Jones Industrial Average also moves higher, rising 0.22%.

[[SPX-graph]]

As the year enters its final stretch, Wall Street’s key indexes are set to close 2025 with broad gains and at record highs. Over the past six months, the Nasdaq has jumped 35%, the S&P 500 has advanced 22%, and the Dow Jones has climbed 16.85%.

Tech leads the market rebound

Amazon shares are surging 11.7% after the company projected quarterly sales above estimates, driven by accelerating growth in its cloud services unit—its fastest pace in nearly three years.

Apple’s stock, meanwhile, is down just 0.22%, despite forecasting stronger-than-expected iPhone sales and total revenue for the holiday quarter.

With six of the “Magnificent Seven” companies—excluding Nvidia—having already reported their quarterly results, investors now have a clearer view of how aggressively major tech firms are investing in artificial intelligence. The group, which makes up roughly 35% of the S&P 500’s total weight, plans to spend billions on chips and data centers to fuel its AI ambitions.

However, this wave of spending rattled markets on Thursday, amid growing concerns that the AI boom could turn into a bubble. Both the S&P 500 and the Nasdaq posted their sharpest daily declines since October 10, with the benchmark index closing at its lowest level in more than a week. Microsoft and Meta led the losses after forecasting higher AI-related expenses, raising doubts about whether those investments can sustain long-term growth.

Asian and European markets

In Europe, the Euro Stoxx 50 is down 0.78%. The key data point on the continent was the latest Eurozone inflation report: headline inflation matched expectations at 2.1% year-over-year in October, but core inflation came in slightly above forecasts at 2.4% versus the 2.3% expected.

Losses were also widespread across major European indexes: Germany’s DAX fell 0.77%, France’s CAC 40 slipped 0.56%, and the UK’s FTSE 100 retreated 0.43%.

In Asia, markets were mixed. Hong Kong’s Hang Seng Index dropped 1.43%, while the Shanghai Composite fell 0.81%. In contrast, Japan’s Nikkei 225 surged 2.25%, supported by rising inflation and growing expectations that the Bank of Japan may raise interest rates.

Mexican Peso Weakens on Stronger Dollar and Weak Domestic GDP Data

Posted on October 31, 2025 by Ignacio Teson

The Mexican peso weakened against the dollar in Thursday’s session, pressured by a stronger greenback and data showing Mexico’s economy contracted in the third quarter, in line with expectations.

The exchange rate closed at 18.5476 pesos per dollar, compared with 18.4706 the previous day, according to official data from the Bank of Mexico (Banxico). That represents a 0.42% drop, or 7.7 centavos.

The dollar traded between a high of 18.6049 and a low of 18.4517 pesos. The U.S. Dollar Index (DXY), which measures the greenback against a basket of six major currencies, rose 0.36% to 99.51 points.

[[USD/MXN-graph]]

Traders continued adjusting their positions after Federal Reserve Chair Jerome Powell said markets should not assume another rate cut in December — which would be the third following yesterday’s reduction.

Expectations remain mixed but lean slightly toward another move. According to CME’s FedWatch Tool, futures on the federal funds rate reflect a 74.8% probability of a 25-basis-point cut in December.

On the trade front, markets digested the results of the long-awaited meeting between U.S. President Donald Trump and Chinese President Xi Jinping in South Korea, which helped ease tensions and led to a rollback of some tariffs on Chinese goods.

Local Data and Mexico’s Growth

Domestically, Mexico’s GDP fell 0.3% in the third quarter compared with the previous three months, based on preliminary seasonally adjusted data from INEGI. On an annual basis, the economy contracted 0.2% in original terms.

These results point to a less optimistic outlook. Investors should expect the upward bias in the dollar to continue — a break above the psychological 18.50 level will likely reinforce the peso’s depreciation. In this context, the next resistance could be around 18.62.

Gold Resumes Rally After U.S.–China Meeting, Tops $4,000 an Ounce

Posted on October 30, 2025 by Ignacio Teson

The metal has already surged nearly 50% this year, driven by central bank purchases and investors seeking protection against growing fiscal deficits.

Gold rebounded on Thursday after a string of losses, supported by renewed optimism over U.S.–China relations following the meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.

The precious metal climbed as much as 2.1% after falling nearly 5% over the previous four sessions, amid volatility fueled by both geopolitical and monetary factors.

Trump described his meeting with Xi as “magnificent,” announcing that Beijing would lift export controls on rare earths and resume purchases of U.S. soybeans. For his part, Xi said China was willing to cooperate with Washington on key areas such as trade, energy, and artificial intelligence, according to state news agency Xinhua.

[[XAU/USD-graph]]

Beyond Geopolitics

The gold rally also followed comments from Federal Reserve Chair Jerome Powell, who downplayed the likelihood of another rate cut in December.

The Fed reduced its benchmark rate by a quarter percentage point in a split decision that revealed internal divisions over the direction of monetary policy. It was the third consecutive meeting with dissenting votes—a situation not seen since 2019.

This appears to mark an initial attempt to reset the U.S.–China dialogue by reopening selective trade channels to restore confidence. Nevertheless, gold continues to reflect uncertainty, with investors anticipating mild monetary easing from the Fed and lingering geopolitical risk.

The Asset of the Year

Gold had pulled back sharply after hitting a record above $4,380 an ounce last week. Analysts noted that the rally had gone too far, and the recent thaw between Washington and Beijing briefly reduced its appeal as a safe haven.

Even so, gold remains up nearly 50% year to date, supported by steady central bank buying and its role as a hedge against widening fiscal deficits.

While the market has undergone a natural correction, this bull cycle remains unmatched in scale due to the strength of monetary demand.