MercadoLibre shares jump 6.78% intraday amid renewed market optimism over potential de-escalation in Middle East tensions.

MercadoLibre surged 6.78% intraday following renewed geopolitical optimism after President Donald Trump signaled a willingness to de-escalate tensions with Iran. This positive development eased broader market fears that had pushed the Nasdaq-100 into correction territory, with investors shifting back toward tech stocks. While the company also faced analyst downgrades and the discontinuation of its cryptocurrency product, these factors did not immediately offset the broad market relief. The rise in MercadoLibre shares aligns with a broader tech sector rebound, as reduced geopolitical risk boosted risk appetite and investor sentiment.