Nasdaq plummets 5.8% and VIX jumps 61%; Ibovespa falls 0.64% and the dollar rises to R$5.49
Democratic victory in the US Congress and doubts about investments in AI bring down techs on Wall Street; in Brazil, Ibovespa closes at 166,482 points and the dollar advances 0.67%
BY THE X-TRADER NEWS NEWSROOM · 2 MIN
The trading session this Thursday (05/11) was one of risk aversion in global markets. The Nasdaq future ended down 5.79%, at 26,911.50 points, the S&P 500 future fell 4.07%, to 7,406.00, and the Dow Jones future lost 3.33%, at 51,719.00. The VIX, a volatility index, soared 61.65%, to 26.85 points.
Brazil: Ibovespa falling and dollar more expensive
The Ibovespa closed down 0.64%, at 166,482.72 points, a much smaller loss than that of the American indices. The dollar rose 0.67% and ended at R$5.49. The DXY, which measures the US currency against a basket of currencies, was practically stable, up 0.02%, at 101.58.
On the Brazilian stock exchange, corporate news weighed on asset selection. Iochpe-Maxion and Smartfit led the gains after strong third-quarter results, with margin expansion and revenue growth. The weak results in retail continued to be a point of attention. According to Bradesco BBI, the rotation on Wall Street could open up space for Latin American assets.
In interest, the 10-year Treasury yield fell 1.16%, to 4.84%.
Outside: technology at the center of the fall
The Nasdaq entered a correction, and the market debates the future of investments in artificial intelligence after strong volatility. The victory of the Democratic Party in the US Congress caused a flight of capital from the technology sector and threatens Anthropic's IPO, according to our editors. There was caution with chips and data centers after the elections.
In Europe, the Stoxx 600 closed with losses, pressured by techs and the Bank of England's decision, in a mixed session. In contrast, the Hong Kong Stock Exchange recorded the biggest daily increase in 21 months, with the Hang Seng rising 3.67%, driven by technology, with emphasis on Alibaba and Tencent.
WTI oil rose 3.19% to US$90.93 and gold rose 0.92% to US$4,110.30. Bitcoin fell 5.53% to $75,982.85.
What to follow
The market should observe whether the Nasdaq correction deepens and how the debate on investments in artificial intelligence evolves. Also on the radar are the developments of the Democratic victory in the American Congress, caution with chips and data centers, Anthropic's IPO and the earnings season in Brazil, with retail under close attention.
Automatically translated from Portuguese.
