Market
October 26, U.S. stocks opened higher with the Dow Jones up 0.41%, the S&P 500 ahead 0.35% and the Nasdaq Composite gaining 0.32% as investors welcomed fresh earnings and steadier Treasury yields.
Among early movers, iShares MSCI Brazil ETF falls 26.00% on a steep Brazilian market selloff, Nu Holdings Ltd. plunges 21.31% amid tighter lending rules, MercadoLibre drops 10.36% on weakening Latin-American e-commerce trends and Moderna, Inc. slides 6.73% after mixed vaccine data. Offsetting the gloom, Tesla Motors jumps 3.80% on upbeat delivery guidance, Direxion Daily Semiconductors Bull 3x Shares adds 2.63% with chip optimism, SK hynix climbs 2.61% on stronger memory-price signals, Micron Technology rises 1.45% after a brighter capex outlook and NVIDIA advances 1.22% on sustained AI demand.
Broader momentum is positive in tech and growth pockets: Bloom Energy Corp gains 1.24%, ProShares UltraPro QQQ adds 1.06%, Advanced Micro Devices improves 0.99%, Intel ticks up 0.72%, Silicon Motion Technology edges 0.71% higher and Vanguard S&P 500 ETF rises 0.33%, underscoring a rotation back into semiconductors, clean energy and large-cap benchmarks.
News
Tesla Motors raises delivery forecast, shares jump 3.80%. Management guided for record fourth-quarter shipments, calming production worries and boosting EV sentiment.
Brazil sell-off slams iShares MSCI Brazil ETF, down 26.00%. A surprise fiscal reform proposal in Brasília triggered heavy outflows from Brazilian equities, rattling U.S. investors.
Nu Holdings Ltd. plunges 21.31% on credit tightening fears. Brazil’s central bank signaled stricter capital rules for fintech lenders, clouding the digital bank’s growth outlook.
MercadoLibre sinks 10.36% as Latin-American demand softens. Analysts warn of intensifying competition and macro headwinds after the e-commerce leader’s latest sales update.
Moderna, Inc. falls 6.73% on mixed RSV vaccine data. Interim results met immunogenicity goals but raised questions about the timeline for commercialization.
NVIDIA up 1.22% after unveiling next-gen AI GPUs. The new architecture promises major performance gains, reinforcing the chipmaker’s data-center dominance.
Micron Technology climbs 1.45% on upbeat memory-chip outlook. The company said enterprise demand is rebounding, prompting a higher capital-expenditure forecast.
Apple slips 1.16% on softer iPhone supply-chain signals. Suppliers indicated weaker-than-expected premium model orders heading into the holiday season.
Direxion Daily Semiconductors Bull 3x Shares rallies 2.63%. Leveraged chip ETF volume surged after several semiconductor CEOs issued bullish demand commentary.
Alphabet edges down 0.04% amid lingering antitrust overhang. An EU update trimmed potential fines but left investors cautious about long-term regulatory risks.
