🔴 StoneCo is trading 29.9% down as Lula’s reported reelection prompts Brazil outlook reassessment

StoneCo is trading at $8.05, down 29.88%, after Lula da Silva’s reported reelection prompted investors to reassess Brazil’s fiscal and interest-rate outlook.

• The result reversed expectations of a more market-friendly administration.
• Coverage links the selloff to Brazil’s political shock, not a newly reported StoneCo-specific announcement. Major U.S. indices were modestly higher and were not identified as the driver.