Nu Stock Crashes After Lula Defeats Flávio Bolsonaro in Runoff
Nu Holdings is sliding Monday along with other U.S.-listed Brazil stocks after Luiz Inácio Lula da Silva won Sunday's presidential runoff.
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Why It Matters
Nu Holdings stock dropped because Brazil elected a new president. When countries change leaders, investors get nervous and sell stocks from that country.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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