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MELI Triggers Sell Rule

Investor's Business Daily Video
Updated

MercadoLibre plunged Monday, triggering an automatic sell rule after blasting out of a base to record highs on strong earnings and accelerating revenue growth. What happened? Argentina's primary elections went badly for pro-market President Macri. Many Argentina stock suffered enormous losses. Brazil stocks also sold off, on concerns that its neighbor's woes will hit Latin America's largest economy.STOCK MARKET TODAY is sponsored by Interactive Brokers. To open an account, go to ibkr.com/whyib