U.S. markets closed
  • S&P 500

    4,448.98
    +53.34 (+1.21%)
     
  • Dow 30

    34,764.82
    +506.50 (+1.48%)
     
  • Nasdaq

    15,052.24
    +155.40 (+1.04%)
     
  • Russell 2000

    2,259.04
    +40.48 (+1.82%)
     
  • Crude Oil

    73.24
    +1.01 (+1.40%)
     
  • Gold

    1,742.80
    -36.00 (-2.02%)
     
  • Silver

    22.52
    -0.39 (-1.69%)
     
  • EUR/USD

    1.1743
    +0.0047 (+0.40%)
     
  • 10-Yr Bond

    1.4100
    +0.0740 (+5.54%)
     
  • GBP/USD

    1.3725
    +0.0105 (+0.77%)
     
  • USD/JPY

    110.3000
    +0.5220 (+0.48%)
     
  • BTC-USD

    44,610.35
    +1,017.49 (+2.33%)
     
  • CMC Crypto 200

    1,119.18
    +10.26 (+0.92%)
     
  • FTSE 100

    7,078.35
    -5.02 (-0.07%)
     
  • Nikkei 225

    29,639.40
    -200.31 (-0.67%)
     

Why MercadoLibre Stock Is Soaring on Thursday

·1 min read
Why MercadoLibre Stock Is Soaring on Thursday
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

MercadoLibre (NASDAQ: MELI) reported second-quarter earnings after the market closed on Wednesday, beating Wall Street's expectations on both the top and bottom lines. As a result, shares rocketed higher on Thursday morning, gaining 12.6% as of 12:20 p.m. EDT. MercadoLibre is the leading e-commerce and fintech platform in Latin America, one of the fastest-growing regions of the world in terms of internet penetration and online shopping.