MercadoLibre stock slips as hot U.S. jobs data nudges rate bets — earnings next
MercadoLibre shares slipped 0.3% to $2,020 after swinging between $1,974 and $2,054 on Wednesday. U.S. payrolls rose by 130,000 in January, beating forecasts and pushing yields higher, dampening hopes for early Fed rate cuts. Investors now await U.S. CPI data on Feb. 13 and MercadoLibre’s earnings on Feb. 24.