ROME (AP) — The daughter of the late Colombian artist Fernando Botero has helped to turn the streets and piazzas of the Italian capital into an open-air museum to display eight of her father’s famously voluminous, whimsical sculptures.
The exhibition was organized as a tribute to Botero, who died September 15, 2023, at 91 in Monaco, where he kept a studio. The artist also lived for many years in the Italian town of Pietrasanta in the Tuscany region, where he was buried next to his third wife, the artist Sophia Vari.
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A woman take a picture at Botero's "Seated Woman" sculpture in Rome's Piazza San Silvestro, Friday, July 19, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Fernando Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
Fernando Botero's "Lying Woman" sculpture is seen in Rome's Pincio Terrace, Friday, July 19, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. In the background there's St. Peter's Basilica. (AP Photo/Gregorio Borgia)
Fernando Botero's "Adam" and "Eve" sculptures are seen at Rome's Piazza Del Popolo Square, Friday, July 19, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
A woman touches Fernando Botero's "Eve" sculpture in Rome's Piazza Del Popolo Square, Friday, July 19, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
Fernando Botero's "Horse with Bridle" sculpture sits before the Saints Ambrogio and Carlo Basilica at Rome's Via del Corso on Saturday, July 20, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
A woman takes a picture of her dog before Fernando Botero's "Cat" sculpture at Rome's Piazza San Lorenzo in Lucina on Saturday, July 20, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
A woman poses for a picture near Fernando Botero's "Sleeping Venus" sculpture at Rome's Pincio Terrace, Friday, July 19, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
Tourists walk past Fernando Botero's "Sleeping Venus" sculpture at Rome's Pincio Terrace, Friday, July 19, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
Botero's "Sleeping Venus" sculpture, installed in Rome's Pincio Terrace, Friday, July 19, 2024, appears to be in front of St. Peter's Basilica at The Vatican. Rome's storied streets and piazzas have become a vibrant canvas for Fernando Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
“I am sure my father would be very moved because Italy was always like a second home country for him,’’ his daughter, Lina Botero, told private Italian television TV2000.
Botero created all of the statues shown in the exhibition while he was in Italy. His affection for Italy came in part from his artistic affinity for the Renaissance masters.
While his imposing bronze sculptures have been shown in parks and avenues of many European and Latin American capitals, this is the first time they are being seen on this scale in Rome. The exhibition closes Oct. 1.
Art lovers can follow a Botero trail starting from the central Villa Borghese park, where Lying Woman gazes across Rome’s rooftops toward St. Peter’s Basilica from the Pincio Terrace. In the Piazza del Popolo, the sculptures Adam and Eve face each other. Horse with Bridle is on the central Roman shopping street, the Via del Corso, and the journey ends near the Piazza di Spagna with Seated Woman.
“We could tell from afar those are Boteros,” said Sara Belloni, a resident who paused to photograph Adam and Eve from below. “The aesthetic is completely the opposite compared to what one usually sees around. Where skinny is beautiful, he does the exact opposite.”
Lorenzo Zichichi, who represents one of the exhibition’s co-organizers, said it would be a mistake to call the sculptures fat.
“Botero has always said that he has never painted a fat woman and he has never sculpted a fat woman," said Zichichi, president of the Il Cigno publishing house, which presented the exhibition along with the Fernando Botero Foundation and BAM art events. “What fascinated him was the volume."
A woman take a picture at Botero's "Seated Woman" sculpture in Rome's Piazza San Silvestro, Friday, July 19, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Fernando Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
Fernando Botero's "Lying Woman" sculpture is seen in Rome's Pincio Terrace, Friday, July 19, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. In the background there's St. Peter's Basilica. (AP Photo/Gregorio Borgia)
Fernando Botero's "Adam" and "Eve" sculptures are seen at Rome's Piazza Del Popolo Square, Friday, July 19, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
A woman touches Fernando Botero's "Eve" sculpture in Rome's Piazza Del Popolo Square, Friday, July 19, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
Fernando Botero's "Horse with Bridle" sculpture sits before the Saints Ambrogio and Carlo Basilica at Rome's Via del Corso on Saturday, July 20, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
A woman takes a picture of her dog before Fernando Botero's "Cat" sculpture at Rome's Piazza San Lorenzo in Lucina on Saturday, July 20, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
A woman poses for a picture near Fernando Botero's "Sleeping Venus" sculpture at Rome's Pincio Terrace, Friday, July 19, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
Tourists walk past Fernando Botero's "Sleeping Venus" sculpture at Rome's Pincio Terrace, Friday, July 19, 2024. Rome's storied streets and piazzas have become a vibrant canvas for Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
Botero's "Sleeping Venus" sculpture, installed in Rome's Pincio Terrace, Friday, July 19, 2024, appears to be in front of St. Peter's Basilica at The Vatican. Rome's storied streets and piazzas have become a vibrant canvas for Fernando Botero's exuberant sculptures, turning the city into an open-air museum of voluminous forms and daring artistry. (AP Photo/Gregorio Borgia)
NEW YORK (AP) — U.S. stocks drifted lower Monday ahead of a momentous week full of potential flashpoints in Washington, D.C., and around the world.
The S&P 500 slipped 0.3%, though it remains near its record set last month. The Dow Jones Industrial Average fell 257 points, or 0.6%, while the Nasdaq composite slipped 0.3%.
Intel fell 2.9%, and chemical producer Dow sank 2.1% in their first trading since getting notified they’ll no longer be included in the Dow Jones Industrial Average. Warren Buffett’s Berkshire Hathaway dropped 2.2% and was one of the heaviest weights on the market after reporting a drop in operating profit for the latest quarter.
But the majority of stocks within the S&P 500 rose, including a 2.8% gain for Fox after it reported a stronger profit than expected. That was despite increases in some costs, including for newsgathering at Fox News to cover this election cycle.
Election Day will arrive Tuesday, though its result may not be known for some time as officials count all the votes. That’s raised fears about the possibility of sharp swings around the world because markets infamously hate uncertainty.
History may be less foreboding. The broad U.S. stock market has historically gone on to rise regardless of which party wins the White House. And in 2020, U.S. stocks climbed immediately after Election Day and kept going even after former President Donald Trump refused to concede and challenged the results, creating plenty of uncertainty. A large part of that rally was due to excitement about the potential for a vaccine for COVID-19, which had just shut down the global economy.
“Bottom line – the US election is incredibly important, but the process is likely to be incredibly noisy,” according to Michael Zezas, a strategist at Morgan Stanley.
For markets, Zezas also points to how prices may have already moved ahead of expected outcomes from the election. A win for Trump this election could mean U.S. tariffs on Mexican imports, for example, which could hurt the value of the Mexican peso. But the peso has already fallen against the U.S. dollar in recent months, which could limit further moves if a Trump win were actually to happen.
A Trump victory would be less of a surprise to markets this time around than in 2016, when Treasury yields soared on expectations for tax cuts that could further inflate the nation’s debt or fuel a stronger U.S economy. Treasury yields have already climbed in recent weeks, in part due to rising expectations in some market corners for a Trump win, along with a spate of data showing the U.S. economy has remained stronger than feared.
On Monday, Treasury yields gave back a chunk of those gains. The yield on the 10-year Treasury fell to 4.29% from 4.38% late Friday.
Another investment that’s become a barometer in the market for Trump’s perceived chances of victory swung sharply through the day. After veering between losses and gains through the morning, Trump Media & Technology Group ended up rising 12.4%.
The stock of the company behind Trump’s Truth Social platform had been ripping higher from a bottom in September, until it hit a wall last week and dropped at least 11% in three straight days.
In the oil market, the price for a barrel of U.S. crude rose 2.8% to $71.03 after Saudi Arabia and other oil producers said they would delay plans to increase the amount of crude they produced. Brent crude, the international standard, rose 2.7% to $75.08 for a barrel.
The price of Brent is still down for the year so far, in part because of worries about how much demand will come from China given its economic challenges.
The Standing Committee of China’s National People’s Congress is meeting this week, and analysts say the government may endorse major spending initiatives to boost economic growth amid troubles for the country’s real-estate industry.
Beyond that meeting and Election Day in the United States, this week will also feature the latest meeting of the Federal Reserve, where the widespread expectation is for it to cut its main interest rate for a second straight time.
The hope that’s propelled U.S. stock indexes to records recently is that the U.S. economy can remain resilient and avoid a long-feared recession, in part because of the coming cuts to rates expected from the Fed.
On Wall Street, Nvidia rose 0.5%, and Sherwin-Williams jumped 4.6% after learning they’ll be replacing Intel and the parent of the Dow chemical company in the Dow Jones Industrial Average.
Stocks fell in the nuclear power industry after U.S. regulators denied a request that would have sent more electricity to an Amazon data center from a Pennsylvania nuclear plant run by Talen Energy. Companies across the power industry have been making deals with data center operators to feed their growing need for more electricity, and Talen fell 2.2%.
All told, the S&P 500 fell 16.11 points to 5,712.69. The Dow dropped 257.59 to 41,794.60, and the Nasdaq composite lost 59.93 to 18,179.98.
In stock markets abroad, indexes were mostly lower in Europe after rising in much of Asia.
AP Business Writer Elaine Kurtenbach contributed.
Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Monday, Nov. 4, 2024. (AP Photo/Richard Drew)
Trader Michael Milano, foreground, works with colleagues on the floor of the New York Stock Exchange, Monday, Nov. 4, 2024. (AP Photo/Richard Drew)
Trader Michael Capolino works on the floor of the New York Stock Exchange, Monday, Nov. 4, 2024. (AP Photo/Richard Drew)
Trader Robert Chamak, left, and specialist James Denaro work on the floor of the New York Stock Exchange, Monday, Nov. 4, 2024. (AP Photo/Richard Drew)
Specialist Stephen Naughton work at his post on the floor of the New York Stock Exchange, Monday, Nov. 4, 2024. (AP Photo/Richard Drew)
Specialist Meric Greenbaum work at his post on the floor of the New York Stock Exchange, Monday, Nov. 4, 2024. (AP Photo/Richard Drew)
Specialist Anthony Matesic works at his post on the floor of the New York Stock Exchange, Monday, Nov. 4, 2024. (AP Photo/Richard Drew)
A screen on the floor of the New York Stock Exchange, Monday, Nov. 4, 2024 shows a broadcast talking about Kamala Harris and Donald Trump. (AP Photo/Richard Drew)
FILE - A sign marking Wall Street is shown near Trinity Church in New York's Financial District on Oct. 30, 2024. (AP Photo/Peter Morgan, File)
A food vendor's cart is parked across from the New York Stock Exchange on Wednesday, Oct. 30, 2024. (AP Photo/Peter Morgan)
Currency traders talk near the screen showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Friday, Nov. 1, 2024. (AP Photo/Lee Jin-man)
Stock market today: Asian shares are mostly higher as China begins major economic meeting
Stock market today: Asian shares are mostly higher as China begins major economic meeting
A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Friday, Nov. 1, 2024. (AP Photo/Lee Jin-man)