The Ibovespa, Brazil's main stock market index, reached a historic closing high above 139,000 points for the first time on May 15, 2025, closing at 139,334 points with a 0.66% gain and a trading volume of R$ 25.2 billion. This milestone was driven by gains in key stocks such as Vale and BRF. However, the index experienced some volatility afterward, including a slight decline on May 16, 2025, closing at 139,187 points, down 0.11%, influenced by corporate earnings reports and a notable drop in Banco do Brasil shares. Meanwhile, the Brazilian real-dollar exchange rate showed fluctuations during this period. After rising to R$ 5.63 on May 14, the dollar continued to advance, reaching R$ 5.68 on May 15 amid domestic fiscal concerns and external factors such as U.S. economic data and oil prices. The dollar then slightly retreated to around R$ 5.66 by May 16. Among individual stocks, notable performers on May 14 included NTCO3 (+7.10%), IRBR3 (+6.42%), and PSSA3 (+4.54%), while AZUL4 declined by 16.08%. On May 15, YDUQ3 (+6.82%), BRFS3 (+4.78%), and VIVA3 (+4.68%) led gains, whereas CVCB3 (-6.72%), AZUL4 (-5.00%), and IRBR3 (-3.37%) fell. On May 16, MRFG3 surged 21.35%, PETZ3 rose 6.7%, and CVCB3 gained 5.86%, while BBAS3 dropped 12.52%, YDUQ3 fell 4.07%, and AZUL4 lost 3.51%. The market movements reflected investor caution amid fiscal uncertainty in Brazil and global economic influences.