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Mexico stocks drop one day after Fed rate cut

Wed Mar 19, 2008 11:18pm IST
 
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MEXICO CITY, March 19 (Reuters) - Mexican stocks fell sharply on Wednesday one day after a deep Federal Reserve interest rate cut sparked a big rally.

The benchmark IPC stock index .MXX dropped 1.26 percent to 29,144 points, weighed down by a drop in heavyweight cellphone operator America Movil (AMXL.MX: Quote, Profile, Research). (Reporting by Jason Lange, Editing by Chizu Nomiyama,)

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Commodity Last Pct Chg Trade Date/Time
Oil 77.85 -7.85% 10/11 03:04 IST
Gold 856.6 -3.49% 10/10 05:30 IST