Trading Day: Nasdaq highs, Brazil surprise

The Nasdaq reached a record high on Monday, driven by optimism from corporate earnings and declining oil prices, despite an increase in bond yields. Brazilian markets experienced the largest gains of the day, following Flavio Bolsonaro's strong performance in the first round of Brazil's presidential election. This indicates Bolsonaro is the frontrunner to win the second and decisive round in three weeks.

The S&P 500 and Dow Jones both saw gains of 0.7% and 0.2%, respectively. The Brazilian real strengthened by 4%, marking the largest increase in four years. The euro weakened to a 17-month low against the dollar. Bond yields in the US rose, reaching their highest levels in over two decades.