The Mexican Stock Exchange (BMV) experienced a decline for the second consecutive day after previously reaching new historical highs, as investors focused on the upcoming corporate earnings reports for the fourth quarter. The benchmark index S&P/BMV, which includes the most traded stocks in the market, decreased by 0.28 percent to 70,692.85 points shortly after market opening. The index had briefly surged to a record high above 72,000 points before this downward trend.

Leading the decline were shares of the mining giant Grupo México, which fell by 1.48 percent to 200.02 pesos, closely followed by the conglomerate Orbia, which experienced a decrease of 0.99 percent, settling at 20.90 pesos. The ongoing adjustments in stock values indicate investor caution as they anticipate upcoming earnings announcements amidst a backdrop of fluctuating market conditions.

On the other hand, the New York Stock Exchange opened with relative stability, showing little excitement in response to January's inflation figures from the United States, which indicated a clear downturn. In initial trading, the Dow Jones dipped by 0.09 percent, the Nasdaq fell by 0.07 percent, while the broader S&P 500 showed minimal movement with a slight gain of 0.01 percent. This stability in Wall Street contrasts with the declines seen in the Mexican market, reflecting different investor sentiments and market drivers in these two regions.