U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.58%

Investing.com – Mexico stocks were lower after the close on Friday, as losses in the Industrials, Consumer Goods & Services and Consumer Staples sectors led shares lower.

At the close in Mexico, the S&P/BMV IPC fell 0.22%.

The best performers of the session on the S&P/BMV IPC were Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1), which rose 2.41% or 2.97 points to trade at 125.99 at the close. Meanwhile, Gruma SAB de CV (BMV:GRUMAB) added 2.35% or 7.23 points to end at 314.63 and Megacable Holdings, S.A.B. De C.V. (BMV:MEGACPO) was up 2.25% or 1.42 points to 64.64 in late trade.

The worst performers of the session were Grupo Televisa SAB Unit (BMV:TLEVISACPO), which fell 2.46% or 0.29 points to trade at 11.51 at the close. Grupo Aeroportuario del Pacifico SAB De CV Class B (BMV:GAPB) declined 2.41% or 11.86 points to end at 481.03 and Becle SA (BMV:CUERVO) was down 2.30% or 0.47 points to 20.00.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 150 to 94 and 14 ended unchanged.

Shares in Megacable Holdings, S.A.B. De C.V. (BMV:MEGACPO) rose to 3-years highs; up 2.25% or 1.42 to 64.64.

Gold Futures for February delivery was up 1.39% or 68.11 to $4,981.51 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 3.23% or 1.92 to hit $61.28 a barrel, while the March Brent oil contract rose 3.28% or 2.10 to trade at $66.16 a barrel.

USD/MXN was down 0.53% to 17.38, while EUR/MXN rose 0.12% to 20.56.

The US Dollar Index Futures was down 0.91% at 97.28.

Investing.com – Canada stocks were higher after the close on Friday, as gains in the Materials, IT and Energy sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.43% to hit a new all time high.

The best performers of the session on the S&P/TSX Composite were Capstone Mining Corp (TSX:CS), which rose 8.78% or 1.24 points to trade at 15.37 at the close. Meanwhile, Aya Gold & Silver Inc (TSX:AYA) added 6.42% or 1.63 points to end at 27.03 and Discovery Silver Corp (TSX:DSV) was up 6.40% or 0.70 points to 11.64 in late trade.

The worst performers of the session were Bausch Health Companies Inc (TSX:BHC), which fell 11.03% or 1.00 points to trade at 8.07 at the close. NovaGold Resources Inc (TSX:NG) declined 6.15% or 0.89 points to end at 13.57 and Badger Infrastructure Solutions Ltd (TSX:BDGI) was down 3.87% or 3.14 points to 78.02.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 566 to 386 and 82 ended unchanged.

Shares in Capstone Mining Corp (TSX:CS) rose to 5-year highs; up 8.78% or 1.24 to 15.37. Shares in Aya Gold & Silver Inc (TSX:AYA) rose to all time highs; rising 6.42% or 1.63 to 27.03. Shares in Discovery Silver Corp (TSX:DSV) rose to 5-year highs; up 6.40% or 0.70 to 11.64.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 1.71% to 14.97.

Gold Futures for February delivery was up 1.40% or 68.89 to $4,982.29 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 3.22% or 1.91 to hit $61.27 a barrel, while the March Brent oil contract rose 3.23% or 2.07 to trade at $66.13 a barrel.

CAD/USD was unchanged 0.66% to 0.73, while CAD/EUR unchanged 0.02% to 0.62.

The US Dollar Index Futures was down 0.91% at 97.28.

Investing.com -- S&P Global Ratings has downgraded Karman Space and Defense’s senior secured debt rating to ’B+’ from ’BB-’ following the company’s agreement to acquire Seemann Composites LLC and Material Sciences for approximately $225 million.

The rating agency also revised the recovery rating to ’3’ with a rounded estimate of 65%, down from ’2’ with a rounded estimate of 70%, indicating lenders could expect meaningful return in case of payment default.

To fund the acquisition, Karman proposed upsizing its existing $506 million term loan B by up to $220 million. The transaction, announced on Monday, will delay credit metric improvement in the near term, according to S&P.

The acquisitions enhance Karman’s capabilities as Seemann and MSC specialize in resin and compounds for maritime subsurface and surface systems. They also broaden Karman’s presence in niche defense markets, with the U.S. Navy being a long-standing customer of the acquired companies.

S&P expects the acquisitions to align with Karman’s base profit margins, as Seemann and MSC hold a sole source position within their market. However, transaction and integration costs may impact margins in 2026.

Despite increased debt, S&P projects Karman’s debt to EBITDA ratio will be 3.75x-4.25x in 2026 and 2027, with funds from operations to debt of 12%-15%.

The rating agency maintained a stable outlook, citing robust defense demand that will support EBITDA growth and partially offset the effect of higher debt on leverage. S&P expects Karman to benefit from continued global conflict driving military readiness spending.

The acquisition represents Karman’s largest to date, though S&P does not anticipate integration complications based on the company’s successful track record with smaller entities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com – Colombia stocks were higher after the close on Friday, as gains in the Industrials, Services and Agriculture sectors led shares higher.

At the close in Colombia, the COLCAP rose 2.01% to hit a new all time high.

The best performers of the session on the COLCAP were Grupo Aval Acciones y Valores SA Pref (BVC:GAA_p), which rose 0.60% or 5.00 points to trade at 845.00 at the close. Meanwhile, Grupo de Inversiones Suramericana SA (BVC:SIS) added 0.32% or 200.00 points to end at 63,200.00 and Bolsa De Valores De Colombia (BVC:BVC) was up 0.27% or 40.00 points to 14,740.00 in late trade.

The worst performers of the session were Ecopetrol SA (BVC:ECO), which fell 5.54% or 130.00 points to trade at 2,215.00 at the close. Bancolombia Pf (BVC:BIC_p1) declined 3.11% or 2,280.00 points to end at 70,920.00 and Grupo Argos SA (BVC:ARG) was down 2.16% or 400.00 points to 18,080.00.

Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 1 to 0.

Shares in Grupo Aval Acciones y Valores SA Pref (BVC:GAA_p) rose to 3-years highs; rising 0.60% or 5.00 to 845.00. Shares in Grupo de Inversiones Suramericana SA (BVC:SIS) rose to all time highs; up 0.32% or 200.00 to 63,200.00.

US coffee C for March delivery was up 1.08% or 3.75 to $351.45 . Elsewhere in commodities trading, US cocoa for delivery in March fell 5.77% or 258.00 to hit $4,211.00 , while the February Gold Futures contract rose 1.40% or 68.89 to trade at $4,982.29 a troy ounce.

USD/COP was up 1.03% to 3,639.00, while BRL/COP rose 1.07% to 688.36.

The US Dollar Index Futures was down 0.91% at 97.28.