Ibovespa Drops as Consumer Stocks Tumble Amid Earnings Concern

Updated on
  • Country's largest retailer tumbles after first-quarter loss
  • Raw-material producers follow commodity prices higher

Brazil Markets Watch and Wait for Rousseff Fallout

The Ibovespa slumped, following the biggest gain in two months, on concern the rally fueled by bets on a government change may have outpaced the outlook for corporate earnings.

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