U.S. Stocks in Motion | Brazil Election Results Spook the Market; Brazilian Assets Listed in the U.S. Plunge

Zhito Finance APP has learned that on Monday, Brazil-listed companies in the U.S. stock market plunged. Petroleo Brasileiro (PBR.US) fell nearly 17%, Itau Unibanco (ITUB.US) dropped over 20%, Banco Bradesco-Preferred (BBD.US) tumbled more than 28%, Nu Holdings (NU.US) declined over 20%, XP Inc (XP.US) plunged more than 52%, and MercadoLibre (MELI.US) fell over 11%. On the news front, according to data from Brazil's Superior Electoral Court, left-wing incumbent President Lula defeated Senator Flavio Bolsonaro in the second round of the presidential election on Sunday with 51.8% to 48.2% of the vote, winning an unprecedented fourth term.