Brazil Stocks Slip as Wall Street Sells Off
The Ibovespa lost 0.82% on 5 November 2026 as the Nasdaq fell 5.5% and Finance Minister Durigan put fiscal measures off until after Lula's trip. The post Brazil Stocks Slip as Wall Street Sells Off appeared first on The Rio Times .
The Nasdaq suffered a heavy 5.5% loss on Thursday, while Brazilian stocks experienced a comparatively minor 0.82% drop. The Ibovespa, the key index of the São Paulo stock exchange, closed at 166,191 points, while the dollar rose to R$5.49, marking a 0.67% increase. The main American indices, Nasdaq, S&P 500, and Dow Jones, all saw substantial declines of 5.5%, 4.4%, and 3.4% respectively.
Notable declines were seen in Nvidia, a leading AI chip maker, which fell by nearly 9%. Brazil's economy is predominantly driven by banks, oil, and mining, which resulted in a comparatively smaller decline. The central bank maintained the Selic rate at 13.75% on Wednesday, concluding its rate reduction cycle. The Ibovespa, a benchmark for Brazil's largest companies, fell 0.82% on Thursday, and the dollar reached a high for the day. The government's move to control public debt remains uncertain, causing ongoing market volatility.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
