US EditionNu Holdings Stock Jumps 6% as Wall Street Rebounds, but Nubank Cost Questions Linger
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Nu Holdings Stock Jumps 6% as Wall Street Rebounds, but Nubank Cost Questions Linger
Nu Holdings shares jumped nearly 6% to $14.78 Monday, with trading volume nearing 60 million shares. The rebound followed news that planned U.S. strikes on Iranian energy assets would be postponed, easing pressure on growth stocks. Other Brazilian financial stocks also rallied. Nu’s U.S. bank charter remains pending, and its Mexico expansion faces high costs despite a new deal with Oxxo. The post Nu Holdings Stock Jumps 6% as Wall Street Rebound…
If the oil price decline continues, it will support a broader market recovery.
The main U.S. indices start the week with sharp rises after Donald Trump's turn over attacks on Iranian energy infrastructure and in the face of the expectation of a descalada that will ease oil and global supply chains.
US stocks were up after Donald Trump said he would postpone attacks on Iranian energy infrastructure. Brent oil prices fell about 8% after the news.
Trump said on his Truth Social platform that the United States plans to postpone its threat to strike Iranian power plants thanks to discussions with the country.
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