Wall Street opens mixed, with Nasdaq up and Dow down, and dollar rises to R$5.48 before the US elections
Ibovespa remains stable at 167,910 points, 10-year Treasury falls to 4.89% and investors look at technology balance sheets and American midterms
BY THE X-TRADER NEWS NEWSROOM · 3 MIN
The trading session this Tuesday (3) begins without a single direction. Nasdaq futures are up 0.26%, but the S&P 500 is down 0.17% and the Dow is down 0.70%. The VIX advances 1.37%, to 21.44 points, and the dollar rises 0.84% in Brazil, to R$5.48, while the Ibovespa remains practically stable.
Brazil: Ibovespa at a standstill and dollar rising
Ibovespa operates at 167,910.69 points (−0.01%), with no clear sign of direction. The dollar advances 0.84%, to R$5.48, and the DXY, which measures the American currency against a basket of currencies, rises 0.11%, to 101.86. In interest rates, the 10-year Treasury falls 0.71%, to 4.89.
In corporate news, Morgan Stanley sees excessive selling in Bradesco after a 37% drop since the second round. The bank maintains an overweight recommendation for ADR BBD, but reduced the target price from US$5.50 to US$4.75, given a more challenging macro scenario. Raízen approved a capital increase of up to R$39.8 billion, and the assemblies approved measures in the extrajudicial recovery plan. B3 also extends stock trading from today, during US summer time.
November also brings dividend payments, according to Money Times: PETR4, ITUB4, CXSE3, BBDC4 and TAEE11 are among the highlights, and the tax difference between dividends and JCP weighs on the net value.
Abroad: technology puts pressure on and election dominates the radar
The Nasdaq Future is at 28,201.50 points (+0.26%), the Micro Nasdaq at 28,201.00 (+0.26%), the S&P 500 Future at 7,562.00 (−0.17%) and the Dow Future at 51,766.00 (−0.70%). According to Santoli, the rise of artificial intelligence depends on the recovery of technology stocks: semiconductors and AI infrastructure spenders sell strongly, defensives rise and the S&P 500 remains stuck at May's level. MarketWatch reminds us that the index has not advanced in five months.
The balance sheets weigh on the pre-market. Apple and Palantir retreat: Apple suffers from iPad sales and margin forecasts, and Palantir shows a drop in profits, despite exceeding estimates, in addition to a slowdown in commercial contracts in the US. Shopify did not meet revenue expectations. On another front, OpenAI signed a partnership with ADNOC and G42 to bring AI to energy operations, an announcement made at the ADIPEC conference in the United Arab Emirates.
In commodities and alternative assets, WTI oil rises 0.94%, to US$ 97.37, gold falls 0.61%, to US$ 3,945.50, and Bitcoin advances 0.76%, to US$ 77,267.68.
What to follow
The focus is the midterm elections in the United States. The first polls close at 8 pm in Brasília, the last vote ends on Wednesday, in Alaska, and the count advances state by state, so that Congressional control may take days to be defined. Polls point to a Democratic advantage in the Chamber and chances in the Senate, with an effect on the Trump government until 2028. Investors follow AI, data centers, public spending and bank regulation, topics that, according to MarketWatch, the election is unlikely to resolve.
In Brazil, the Senate can vote today on the Security PEC, guided by Alcolumbre, which reorganizes the security forces and expands the role of the PRF. The effects of the macro scenario on banks and the performance of technology stocks are also on the radar.
Automatically translated from Portuguese.
