Geopolitics Alpha

Watch Lula Wins Brazil Runoff; US Stocks Waver Ahead of Tech Earnings

Published . Updated .

GEOPOLITICS ALPHAWatch Lula Wins Brazil Runoff; USStocks Waver Ahead of TechEarningsGEOPOLITICS ALPHA

This report is about the broad US market and Brazil.

Directly affected

  • No company is named in this report.

Indirectly affected

  • DIA SPDR Dow Jones Industrial Average ETF-1.7% 30d

    SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.

  • QQQ Invesco QQQ-0.7% 16d

    Invesco QQQ: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.

  • EWZ iShares MSCI Brazil ETF+12.9% 30d

    iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”).

  • PBR Petróleo Brasileiro S.A. - Petrobras

    Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.

  • ITUB Itaú Unibanco Holding S.A+23.6% 8d

    Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.

  • NU Nu Holdings

    Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.

  • VALE Vale S.A-3.1% 12d

    Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
DIA-0.46%+1.22%base+0.65%after closeafter closeafter close
QQQ+2.00%+2.99%base+0.96%after closeafter closeafter close
EWZ-1.50%-0.19%base-22.94%after closeafter closeafter close
PBR-2.33%-1.87%base-17.97%after closeafter closeafter close
ITUB-2.38%+0.36%base-24.10%after closeafter closeafter close
NU-4.32%-0.69%base-20.75%after closeafter closeafter close
VALE+5.81%+2.42%base-3.35%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Watch Lula Wins Brazil Runoff; US Stocks Waver Ahead of Tech Earnings Bloomberg.com

Source: Bloomberg

The price since 26 Oct 2026: Spdr Dow Jones Industrial Average Etf Trust (DIA) versus the S&P 500

CompanyWhenMoveStatus
Spdr Dow Jones Industrial Average Etf Trust (DIA)that day+0.65%still updating
Spdr Dow Jones Industrial Average Etf Trust (DIA)three days earlier+1.22%final price
Spdr Dow Jones Industrial Average Etf Trust (DIA)five days earlier-0.46%final price
Ishares Msci Brazil Etf (EWZ)that day-22.94%still updating
Ishares Msci Brazil Etf (EWZ)three days earlier-0.19%final price
Ishares Msci Brazil Etf (EWZ)five days earlier-1.50%final price
Itau Unibanco Holding S.A (ITUB)that day-24.10%still updating
Itau Unibanco Holding S.A (ITUB)three days earlier+0.36%final price
Itau Unibanco Holding S.A (ITUB)five days earlier-2.38%final price
Nu Holdings (NU)that day-20.75%still updating
Nu Holdings (NU)three days earlier-0.69%final price
Nu Holdings (NU)five days earlier-4.32%final price
Petrobras - Petroleo Brasileiro (PBR)that day-17.97%still updating
Petrobras - Petroleo Brasileiro (PBR)three days earlier-1.87%final price
Petrobras - Petroleo Brasileiro (PBR)five days earlier-2.33%final price
Invesco Qqq Trust, Series 1 (QQQ)that day+0.96%still updating
Invesco Qqq Trust, Series 1 (QQQ)three days earlier+2.99%final price
Invesco Qqq Trust, Series 1 (QQQ)five days earlier+2.00%final price
Vale S.A (VALE)that day-3.35%still updating
Vale S.A (VALE)three days earlier+2.42%final price
Vale S.A (VALE)five days earlier+5.81%final price

Who gains and who loses around Spdr Dow Jones Industrial Average Etf Trust (DIA)

Companies tied to this story

  • DIA Spdr Dow Jones Industrial Average Etf Trust

    In “Watch Lula Wins Brazil Runoff; US Stocks Waver Ahead of Tech Earnings,” Spdr Dow Jones Industrial Average Etf Trust (DIA) is linked, with no stored direction, medium confidence. Reason on file: SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story

  • QQQ Invesco Qqq Trust, Series 1

    Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Watch Lula Wins Brazil Runoff; US Stocks Waver Ahead of Tech Earnings.” Reason on file: Invesco QQQ: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story

  • EWZ Ishares Msci Brazil Etf

    Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Watch Lula Wins Brazil Runoff; US Stocks Waver Ahead of Tech Earnings.” Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)

  • PBR Petrobras - Petroleo Brasileiro

    In “Watch Lula Wins Brazil Runoff; US Stocks Waver Ahead of Tech Earnings,” Petrobras - Petroleo Brasileiro (PBR) is linked, with no stored direction, medium confidence. Reason on file: Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

  • ITUB Itau Unibanco Holding S.A

    In “Watch Lula Wins Brazil Runoff; US Stocks Waver Ahead of Tech Earnings,” Itau Unibanco Holding S.A (ITUB) is linked, with no stored direction, medium confidence. Reason on file: Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

  • NU Nu Holdings

    For “Watch Lula Wins Brazil Runoff; US Stocks Waver Ahead of Tech Earnings,” Nu Holdings (NU) is linked, with no stored direction, medium confidence. Reason on file: Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

  • VALE Vale S.A

    Vale S.A (VALE) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Watch Lula Wins Brazil Runoff; US Stocks Waver Ahead of Tech Earnings.” Reason on file: Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

Spdr Dow Jones Industrial Average Etf Trust (DIA)

“Watch Lula Wins Brazil Runoff; US Stocks Waver Ahead of Tech Earnings” (26 Oct 2026) reaches Spdr Dow Jones Industrial Average Etf Trust (DIA) through this story.

The link for Spdr Dow Jones Industrial Average Etf Trust (DIA) is this: SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story

Also listed, Invesco Qqq Trust, Series 1 (QQQ): Invesco QQQ: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story

Price levels for Spdr Dow Jones Industrial Average Etf Trust (DIA)

DIA traded between 504.92 and 522.62 across 20 sessions. The latest close on file is 515.65. EWZ traded between 35.98 and 43.77 across 20 sessions. The latest close on file is 42.59. QQQ traded between 701.18 and 762.84 across 16 sessions. The latest close on file is 704.37.

How strong the case is around Spdr Dow Jones Industrial Average Etf Trust (DIA)

46 out of 100Price not final

“Watch Lula Wins Brazil Runoff; US Stocks Waver Ahead of Tech Earnings” scores 46 out of 100. The score uses 1 sources, and 7 linked companies. The price is not final yet.