MercadoLibre, Banco Bradesco, Itaú Unibanco And Other Big Stocks Moving Lower In Monday’s Pre-Market Sess

U.S. stock futures were higher this morning, with the Dow futures gaining around 150 points on Monday.

Shares of MercadoLibre Inc (NASDAQ:MELI) fell sharply in pre-market trading after Brazilian President Luiz Inácio Lula da Silva secured another term, defeating Sen. Flávio Bolsonaro.

The election result rattled investors and triggered a sell-off in Brazilian stocks.

MercadoLibre shares dipped 14.1% to $1,555.50 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

XP Inc (NASDAQ:XP) fell 46% to $16.43 in pre-market trading after gaining around 4% on Friday.
Inter & Co Inc (NASDAQ:INTR) fell 34.7% to $4.69 in pre-market trading after gaining over 6% on Friday. Inter & Co, last week, announced Banco Inter will acquire the remaining 39.75% stake in Inter Seguros, giving it full ownership of the insurance unit.
StoneCo Ltd (NASDAQ:STNE) fell 33.8% to $7.59 in pre-market trading after gaining around 3% on Friday.
PagSeguro Digital Ltd (NYSE:PAGS) fell 29.2% to $8.10 in pre-market trading.
Banco Bradesco SA (NYSE:BBD) tumbled 28.1% to $2.92 in pre-market trading. Bank Bradesco, last week, posted third-quarter earnings of 13 cents per share.

Itaú Unibanco Holding S.A. (NYSE:ITUB) fell 25.6% to $7.19 in pre-market trading. High Roller Technologies recently announced the commercial launch of its real-money prediction markets platform ROLR.
Nu Holdings Ltd. (NYSE:NU) fell 23.6% to $11.57 in pre-market trading.
Petroleo Brasileiro (NYSE:PBR) dipped 22.6% to $20.25 in pre-market trading.
Agi Inc (NYSE:AGBK) fell 21.5% to $5.95 in pre-market trading.
Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) declined 21.4% to $5.00 in pre-market trading.

VWAV’s $20M Order Could Be Just The Start Of A Bigger Defense Story

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VisionWave Holdings, Inc. (NASDAQ: VWAV) is making progress as it develops AI-powered defense systems, backed by $20M in autonomous vehicle orders and a growing pipeline.

XORTX Therapeutics (XRTX) Moves Closer To FDA Filing For New Gout Treatment

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XORTX Therapeutics is targeting a new drug application next year for XORLO. It estimates a potential $700 million-a-year opportunity.

Greenland Mines Ltd. (NASDAQ:GRML) Is Advancing a Major Gold, Palladium and Platinum Deposit

Promoted by Greenland Mines(17b disclosure)

The company says its Skaergaard Project is one of the world’s largest undeveloped gold, palladium and platinum deposits.

LATAM Airlines Group SA (NYSE:LTM) fell 9.2% to $42.00 in pre-market trading.
Moderna Inc (NASDAQ:MRNA) dipped 8.6% to $183.00 in pre-market trading.
Adaptive Biotechnologies Corp (NASDAQ:ADPT) declined 6% to $23.98 in pre-market trading. Adaptive Biotechnologies will report third quarter financial results on Nov. 4.

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