|Bid||0.0000 x 34100|
|Ask||0.0000 x 34100|
|Day's Range||4.6900 - 5.1000|
|52 Week Range||3.2600 - 12.2400|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 15, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.58|
The results from the first round of Brazil's presidential election seemed to boost Brazilian stocks.
Shares of the Brazilian digital bank Nu Holdings (NYSE: NU) were spiking today on no company-specific news. Instead, it appears the company's stock price was gaining ground in response to broader optimism in the market today. The S&P 500 was up 2%, and the tech-heavy Nasdaq Composite gained 1.6% as of this writing.
Shares of several Latin American tech stocks struggled today along with the broader market, as investors continued to fret about volatility and the potential for a more severe recession in the near future. Shares of the Uruguayan online marketplace MercadoLibre (NASDAQ: MELI) fell more than 4% today, shares of the Brazilian e-commerce tech company StoneCo (NASDAQ: STNE) fell roughly 7.5%, and shares of the Brazilian digital bank Nu Holdings (NYSE: NU) fell 7.4%. Tech stocks continued their recent struggles, with the Nasdaq Composite falling roughly 2.85%.