Why MercadoLibre (MELI) Dipped More Than Broader Market Today

MercadoLibre (MELI) closed the latest trading day at $1,706.24, indicating a -1.56% change from the previous session's end. This change lagged the S&P 500's daily loss of 1.37%. Elsewhere, the Dow saw a downswing of 1.35%, while the tech-heavy Nasdaq depreciated by 1.8%.Shares of the operator of an online marketplace and payments system in Latin America have appreciated by 4.5% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 6.07% and the S&P 500's gain of 5.1%.The i ...