With the expectation of knowing the retail sales data and wholesale inflation in the United States for February, investors remain attentive to market movements and global economic trends.
With the expectation of knowing the retail sales data and wholesale inflation in the United States for February, investors remain attentive to market movements and global economic trends.
LEISA
Stock market activity in Latin America was marked by a largely positive outlook, with much of the places in the region closing positively the previous day, with the exception of Chile. In this regard, the stock index of the Argentine market stood out for the second consecutive day, the S&P Merval, which led the results.
The Buenos Aires stock index experienced an increase of 2.3%, driven mainly by the performance of stocks such as Grupo Supervielle SA (SUPV) and Bolsas y Mercados Argentinos (BYMA)which recorded variations ofl 13.5% and 10.2%respectively.
In this context, Vinci Partners Investments, the main asset manager in Latin America, announced its interest in acquiring private credit firms to expand its reach in a region where The concentration of credit in the hands of large banks is notable, according to the Bloomberg agency. Meanwhile, Vinci CEO Alessandro Horta highlighted the potential of private credit in the region and pointed to the recent acquisition of Compass Group LLC as part of his global expansion strategy.
And Wall Street?
In contrast, the New York Stock Exchange (NYSE) showed a variety of movements on the price wheel. While the Dow Jones registered a modest increase of 0.10%, The technological Nasdaq fell 0.54% and the S&P 500 lost 0.19%.
The session was marked by profit taking in leading technology companies such as Nvidia, AMD, Broadcom, Qualcomm and Intel. Tesla, meanwhile, also suffered losses after a downgrade in the recommendation by Wells Fargo analysts.
Despite volatility in the technology sectorinvestors channeled their investments into sectors that had been in the shadows at the beginning of the yearresulting in profits for companies such as Lowe’s, Morgan Stanley, Deere and Blackstone.
With the expectation of knowing the retail sales data and wholesale inflation in the United States for February, investors remain attentive to market movements and global economic trends.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
