Four sessions of consecutive advances by Latin American equities came to an end Thursday as investors sifted through another round of poor economic data from the U.S. and took gains off the table.
Mexico's IPC fell 3% to 19,537.05, zapping its 2.7% rise on Wednesday.
Brazil's Bovespa fell 1.5% to 39,638.42, a day after a 3.9% surge.
On Wall Street, the Dow Jones Industrial Average (DJI) dropped 2.7% and the S& P 500 Index (SPX) fell 3.3%.
Regional stocks were hammered as their U.S. counterparts suffered from fresh layoff announcements. Coffee retailer Starbucks Corp. (SBUX) and Eastman Kodak Corp. (EK) were among the companies that said they will cut thousands of jobs in a bid to reduce costs to help offset the impact of the economic recession.
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