Nasdaq 100 Hits Record, Brazil's EWZ Soars 13%: Stock Market Today
Wall Street posted modest gains at midday Monday, with the Nasdaq 100 hitting a record high on megacap tech strength even as the 10-year Treasury yield rose to 5.3%. President Donald Trump said Friday of the Iran war that it is "going to be over soon… probably right after the midterms.” Oil slipped, with the West Texas Intermediate light crude falling about 1.0% to $90.20 a barrel, while Brent dropped 1.1% to $101.15. The S&P 500 gained about 36 points, or 0.5%, to 7,759, while the Dow Jones Industrial Average slipped 20 points, or 0.04%, to 51,157. The Nasdaq 100 rose 0.5% to 30,973. The Russell 2000 added 0.5% to 2,846. Elsewhere, Brazilian stocks exploded higher after right-wing Senator Flavio Bolsonaro topped the first round of the presidential election. The iShares MSCI Brazil ETF (NYSE: EWZ ) soared 13.5% to $43.33 on heavy volume, while Brazil’s Ibovespa index jumped 8.6% to around 208,650 and the real strengthened about 4% against the dollar, to roughly R$4.99 per dollar. The macro backdrop was dominated by a hot-prices, firm-growth ISM report. The Institute for Supply Management’s services PMI came in at 54.9 for September, just under the 55.0 consensus and down from 55.4
3%. 15. 04%, to 51,157. 5% to 30,973.
5% to 2,846. Elsewhere, Brazilian stocks exploded higher after right-wing Senator Flavio Bolsonaro topped the first round of the presidential election. 99 per dollar. The macro backdrop was dominated by a hot-prices, firm-growth ISM report.
4 in August, marking a 27th straight month of expansion. 0, its highest since July 2022, with respondents citing tariffs and diesel costs. 7. 8, a modest counterweight to Friday’s weak payrolls.
33%, near its highest since March 2022, as the ISM prices gauge reinforced inflation worries. Investors now await minutes from the Federal Reserve’s September meeting on Wednesday. Precious metals were mixed. 4%.
6%. In crypto, Bitcoin (CRYPTO: BTC) traded near $85,150, easing over 1% from the $86,000-plus level it reclaimed early Monday. 4%. 1%.
5%. 4%. Brazil Rally, Deal Fever And An Energy Bid Lift Select Stocks Energy led S&P 500 sectors. 8%.
7%. 2%. 1%. S.
1%. The biggest story was M&A. PTC Inc. 6 billion.
The announcement lifted peer Bentley Systems Inc. (NASDAQ: BSY ), up about 9%, on expectations of higher valuations for engineering-software platforms. Brazilian ADRs rallied across the board as investors welcomed election results. A.
A. A. (NYSE: PBR ) climbed 14%, while MercadoLibre Inc. 7%.
A. 8%. -listed fintechs surged too, including XP Inc. (NASDAQ: XP ), up about 34%, and Nu Holdings Ltd.
(NYSE: NU ), up 13%. H. Robinson Worldwide Inc. (NASDAQ: CHRW ) fell about 14% after agreeing to sell its Global Forwarding business to RXO.
Millrose Properties Inc. (NYSE: MRP ) dropped nearly 10% after Citizens downgraded the stock to Market Perform from Market Outperform, citing uncertainty over its shift toward buying build-to-rent homes from its largest customer, Lennar Corp. (NYSE: LEN ). Insmed Inc.
(NASDAQ: INSM ) slid about 6% after announcing that CFO Sara Bonstein will step down Oct. 30 and reaffirming 2026 guidance. Monday’s Russell 1000 Top Gainers Name % change PTC Inc. 78% XP Inc.
77% Nu Holdings Ltd. 42% DraftKings Inc. H. Robinson Worldwide, Inc.
65% Millrose Properties, Inc. 43% Photo: Shutterstock