Ibovespa Drops Below 123,000 as Vale Shares Decline

The Brazilian stock market took a breather from its recent rally. Ibovespa, Brazil’s main stock index, closed below 123,000 points on Wednesday. Vale’s stock decline put pressure on the index. The losses were partially offset by Wall Street’s positive performance. Ibovespa fell 0.30% to 122,971.77 points. This ended a three-day winning streak. Vale’s shares dropped […]

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