Nasdaq 100 Hits Record, Brazil's EWZ Soars 13%: Stock Market Today
Nasdaq 100 hits a record as Brazil's EWZ jumps 13% on Bolsonaro's election upset; ISM services prices hit a four-year high and the 10-year yield tops 5.3%.
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Brazilian Stocks Rally 14%, Eye Best Day Since 2020 After Bolsonaro's First-Round Victory
Brazil stocks: the iShares MSCI Brazil ETF jumps 13% after Flávio Bolsonaro beats Lula in the first round, setting up an Oct. 25 runoff.
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Shares of U.S.-traded companies with Brazil exposure are trading higher after the first round of Presidential election balloting showed right-wing candidate Flavio Bolsonaro with a lead over Lula, the current left-wing President. The results may indicate a possible pro-business final election outcome ahead of the October 25 run-off vote, wherein the winning candidate must achieve a majority above 50%.
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