S&P 500 falls 1% after impact on public spending

Wall Street halted a rally on concerns over whether massive artificial intelligence spending will pay off. Meta Platforms Inc. declined 11%. 

A massive sell-off in several mega-cap stocks dragged down the S&P 500, following a $17 billion rally from its April lows. While the U.S. and China after agreeing to a trade truce, the deal was seen as already virtually discounted in price. Meanwhile, stocks sparked a rally.

Venezuela and PDVSA slackened -0.50pts.

In Latin American credits, Argentina sovereign up 0.25pts Buenos up +0.5pts the peso closing at ARS/USD 1439 the official dollar and ARS/USD 1492 the BCS.