In New York,  the Dow Jones Index dropped 231 points or 0.50 percent on Friday. Losses were led by Merck (-2.75%), Sherwin-Williams (-2.14%) and Honeywell International (-1.79%). Offsetting the fall, top gainers were Apple (1.82%), Microsoft (1.76%) and Walmart (0.83%).

The Dow Jones Index Closes 0.50% Lower

The Ibovespa fell 0.6% to close at 142,272 on Friday, pulling back from its record as investors weighed the economic fallout from the Supreme Court conviction of former president Jair Bolsonaro, which has raised the prospect of US retaliatory measures such as tariffs or targeted sanctions that could increase the effective cost of Brazilian exports and force a re-pricing of country risk. Bolsonaro was sentenced to 27 years and three months in prison in a historic ruling that also convicted several high-ranking military officers for actions judged to have attacked democratic institutions. The verdict drew heated international reactions, with US Secretary of State Marco Rubio denouncing it as a "witch hunt" and former President Donald Trump calling it "terrible". Financial stocks underperformed, with Banco Santander down 1.1%, Itaúsa off 0.8% and Bradesco down 1.1%, as traders trimmed exposure to names deemed most vulnerable to higher trade costs and political spillovers.

Ibovespa Gives Up Record High

Stocks in the US closed mixed on Friday, with the S&P 500 finishing just below the flatline, the Dow Jones slipping 273 points, and the Nasdaq 100 hitting fresh highs. Investors interpreted soft jobs data and subdued inflation as signs that the Federal Reserve may cut interest rates next week. The Nasdaq rose 0.4%, boosted by a 7.4% jump in Tesla and a 1.7% gain in Microsoft after the company avoided a potential EU antitrust fine, lifting the broader tech sector. Tech and consumer discretionary stocks outperformed, while materials and health care lagged. Traders are largely pricing in a 25-basis-point rate cut at the Fed’s September 17 meeting, with a small chance of a larger half-point reduction given the current economic data. For the week, the S&P 500 gained 1.6%, marking its best performance since early August, the Nasdaq rose 2%, and the Dow advanced 1.1%, posting its first weekly gain in three.

Nasdaq 100 Hits Another Record

The S&P/TSX Composite fell 0.4% to close at 29,284 on Friday as investors paused after two weeks of record-breaking rallies and turned their attention to likely interest-rate cuts from the Bank of Canada and the US Federal Reserve next week. Odds of BoC easing rose after data showed Canada shed about 65,500 jobs in August and the unemployment rate climbed to 7.1%. A US CPI print roughly in line with expectations kept the path to Fed cuts intact, and markets now price about 75 basis points of easing this year, with some participants even wagering on a half-point move next week. Financials, miners and techs led the decline, with Brookfield Corporation down 1.4%, Barrick off 1.2% and Shopify down 1.1%. The TSX nevertheless posted a weekly gain of 0.8%.

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The Dow Jones Index Closes 0.50% Lower

Ibovespa Gives Up Record High

Nasdaq 100 Hits Another Record

TSX Eases From Record High