Yields on 10-year Treasury bonds fell from multi-year highs reached in the previous session, underpinning confidence in global equities.
In the crazy bag, Nvidia (+5.6%), Mercado Libre (+4.6%), and Facebook (+4.6%) led the increases. The losses were led by Banco Bradesco (+6.9%), Coca Cola (-1.4%), and Despegar (-1.4%).
As for the Cedears ETFs, the greatest rise corresponded to the technological index that grew 4.7%, while the index that replicates the S&P 500 also grew 1%.
On Wall Street, mega-caps such as Meta Platforms Inc, Alphabet Inc, Tesla Inc and Microsoft added between 1.2% and 2.5%.
It is worth noting that companies linked to economic growth and technology were among the hardest hit this year as fears of interest rate hikes led investors to shy away from companies with huge valuations.
The Nasdaq index fell nearly 9% in January and is up marginally so far this month. Investors are awaiting US government data to be released on Thursday on January inflation, which could provide further signals about the pace of the Federal Reserve’s rate hikes this year.
Source: Ambito
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