America Movil is trading 4% down at $24.68 as risk assets sell off ahead of the FOMC statement and on renewed Middle East tensions.
- Major U.S. indices are down between 0.7% and 1.5% as investors pivot to a risk-off stance ahead of the Federal Reserve's update.
- Geopolitical instability is driving oil prices higher following Iranian missile incidents and subsequent retaliatory strikes.
- The decline appears to be driven by global macroeconomic pressures rather than company-specific news.