Carlos 'Indio' Solari, a legend of Argentina's rock scene, dies at 77

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Carlos 'Indio' Solari, a legend of Argentina's rock scene, dies at 77

2026-06-06 04:02 Last Updated At：04:10

BUENOS AIRES, Argentina (AP) — Carlos Alberto Solari, the Argentine singer-songwriter known as “the Indio” who led Patricio Rey y sus Redonditos de Ricota, one of the country's most popular and influential rock groups, died Friday. He was 77.

Solari, who had struggled with Parkinson’s disease for at least a decade, was found dead near an indoor pool at his house in the provincial town of Ituzaingó, about 30 kilometers (18 miles) west of the Argentine capital, Buenos Aires, authorities said, without identifying a cause of death.

His family confirmed his death on social media, saying they would hold a public funeral to allow people to bid farewell to the rock legend. As news of his death broke, fans began gathering at his home, with some bearing flowers and wearing T-shirts printed with his nickname.

“We will mourn as is fitting, listen to his songs and, above all, take care of one another, as he taught us to do,” the family's statement said.

As the lead singer of Patricio Rey y sus Redonditos de Ricota — known more simply as “Los Redondos” — Solari became a countercultural icon for disaffected Argentines coming of age as their country transitioned from a bloody military dictatorship to a democracy characterized by newfound freedoms but also instability and hyperinflation in the 1980s.

During the consumerist frenzy that gripped Argentina the 1990s, under the free-market policies of then-President Carlos Saul Menem, Solari's classic rock anthems, punchy dance tunes and cryptic lyrics gave voice to a spirit of rebellion against the excesses of capitalism and influences of foreign powers. Los Redondos released 10 studio albums, eschewing major record labels to maintain artistic independence.

The band broke up in 2001, but Solari found continued success as a solo artist, releasing five more albums under his own name that mixed mainstream rock and electronic influences and drawing hundreds of thousands of fans to parks and stadiums across Argentina.

At a massive concert in 2016, he announced that he had been diagnosed with Parkinson’s disease. “Mr. Parkinson is nipping at my heels. But here I am,” he said. The crowd went wild. He later retired from touring, speaking candidly in interviews about the debilitating effects of the disease.

Tributes poured in from politicians, artists and soccer stars across the country.

The Argentine Soccer Association said Solari's voice “became a popular rallying cry” and “echoed in the stands” of the soccer-crazed country.

The Grandmothers of Plaza de Mayo, a prominent activist group which sought to find relatives who had been killed or “disappeared” by the 1976-83 dictatorship, said the singer “inspired society as a whole to doubt, to question and to think critically.”

Cristina Fernández de Kirchner, Argentina's former president who is serving a corruption sentence under house arrest, posted one of his famous lyrics on social media, popularized as a call to live courageously: “Just living costs you your life.”

Solari is survived by his wife, Virginia Mones Ruiz, and 25-year-old son Bruno.

Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest rates

The U.S. stock market had its worst day since October as a sell-off in big technology companies weighed down the broader market. Bond yields surged as a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The S&P 500 slumped 2.6% Friday, finishing with its first losing week in the last 10. The Dow Jones Industrial Average fell 695 points, or 1.4%. The Nasdaq composite fell 4.2%. Nvidia and Broadcom were among the heaviest weights on the market. The Labor Department reported that employers added 172,000 jobs in May, roughly double what forecasters had expected. Oil prices fell.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

Wall Street headed for its worst day in nearly eight months Friday as big technology companies lost ground and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year.

The S&P 500 was down 2.7% in late-afternoon trading, on pace for its first losing week in the last 10 and its biggest one-day drop since October, when the Trump administration threatened to impose a 100% tariff on imported goods from China. The Dow Jones Industrial Average fell 773 points, or 1.5%, as of 3:18 p.m. Eastern. The Nasdaq composite slumped 4.4%.

Tech stocks dragged the broader market lower as companies that had powered the S&P 500 to a series of records the past two months saw losses. Nvidia fell 6.3%, Broadcom dropped 7.6% and Micron Technology slid 12.7%.

Shares in Meta fell 6% following a published report that the social media giant may seek to do a new stock offering to raise funds for spending on AI infrastructure.

Stocks within the S&P 500 were close to evenly split between gainers and losers. But, many of the bigger tech stocks have pricey values that tend to have an outsized influence on the broader market.

Meanwhile, bond yields jumped after a report showed the U.S. added a surprising 172,000 jobs in May, according to the Labor Department. It is the latest report showing that employment remains solid, despite the squeeze inflation is putting on businesses and consumers.

The latest reading on employment comes two weeks before Kevin Warsh heads his first policy meeting as chair of the Fed. Policymakers are widely expected to keep rates steady at the June 16-17 meeting despite pressure from President Donald Trump to lower borrowing costs. Longer-term, the market sees a better than 60% chance the Fed will push rates higher by the end of the year, according to CME FedWatch, and little to no chance of a cut.

“Any hopes of a Fed rate cut have effectively been eliminated with this morning’s strong jobs report,” said Ronald Temple, chief market strategist at Lazard, in a research note.

The yield on the 10-year Treasury rose to 4.54% from 4.50% just before the report was released. The yield on the 2-year Treasury, which more closely tracks the Fed’s actions, jumped to 4.16% from 4.04% just prior to the report.

The Fed has been holding interest rates steady as it tries to gauge the ongoing impact from rising inflation. Prices were already ticking higher from the impact of tariffs. The U.S. war with Iran has essentially blocked crude oil shipments from moving through the Strait of Hormuz.

The price of Brent crude, the international standard, fell 2% to settle at $93.09. It was about $70 per barrel before the war. The surge in oil prices prompted a jump in gasoline prices. That has fueled a broader rise in inflation as prices for anything being shipped move higher and threaten to slow economic growth.

A measure of inflation preferred by the Fed showed that prices rose 3.8% overall in April. That marked the biggest increase in two years.

Wall Street has been anticipating that negotiations to end the war will eventually be successful. American and Iranian negotiators reached a tentative deal last week to extend their ceasefire, but the agreement has not been finalized.

The latest round of corporate earnings is coming to a close. Lululemon slumped 8.5% after trimming its revenue and profit forecasts.

Most reports from companies have been surprisingly good and helped Wall Street on its record run. Encouraging profits and forecasts helped overshadow lingering worries about the direction of the economy amid tariffs and high energy costs because of the U.S. war with Iran.

With earnings now in the background, analysts have been warning that the tech companies benefiting from interest in artificial intelligence may have become too expensive. That could result in a slowdown for a market that has surged in 2026, with the S&P 500 up 7.7% for the year.

Markets were mixed in Europe after markets in Asia fell.

AP Business Writers Chan Ho-him and Matt Ott contributed to this report.