German Chancellor Friedrich Merz is helped with an umbrella as he walks outside during the German-Brazilian governmental consultations meeting in Hanover, northern Germany on April 20, 2026, that is taking place on the sidelines of the Hannover Messe industrial trade fair. Brazil is the 2026 partner country of the fair, that will be running until April 24, 2026. (Photo by Odd ANDERSEN / AFP via Getty Images)

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York, on April 20, 2026. Wall Street stocks dipped early Monday, giving back a fraction of their recent bounty as oil prices jumped following Iran's renewed closure of the Strait of Hormuz. Analysts described Monday's early losses as a mild retreat following an almost unbroken string of gains so far in April. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

Chairman of the US Securities and Exchange Commission (SEC) Paul Atkins (C) rings the opening bell at the New York Stock Exchange (NYSE) in New York, on April 20, 2026. Wall Street stocks dipped early Monday, giving back a fraction of their recent bounty as oil prices jumped following Iran's renewed closure of the Strait of Hormuz. Analysts described Monday's early losses as a mild retreat following an almost unbroken string of gains so far in April. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

Brazilian President Luiz Inacio Lula da Silva speaks during a joint press conference with the German Chancellor (unseen) after the German-Brazilian governmental consultations meeting in Hanover, northern Germany on April 20, 2026, that is taking place on the sidelines of the Hannover Messe industrial trade fair. Brazil is the 2026 partner country of the fair, that will be running until April 24, 2026. (Photo by Odd ANDERSEN / AFP via Getty Images)

Close up taken as Brazilian President Luiz Inacio Lula da Silva (L) and German Chancellor Friedrich Merz shake hands at the end of a joint press conference after the German-Brazilian governmental consultations meeting in Hanover, northern Germany on April 20, 2026, that is taking place on the sidelines of the Hannover Messe industrial trade fair. Brazil is the 2026 partner country of the fair, that will be running until April 24, 2026. (Photo by Odd ANDERSEN / AFP via Getty Images)

Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York, on April 20, 2026. Wall Street stocks dipped early Monday, giving back a fraction of their recent bounty as oil prices jumped following Iran's renewed closure of the Strait of Hormuz. Analysts described Monday's early losses as a mild retreat following an almost unbroken string of gains so far in April. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

Brazilian President Luiz Inacio Lula da Silva speaks during a joint press conference with the German Chancellor (unseen) after the German-Brazilian governmental consultations meeting in Hanover, northern Germany on April 20, 2026, that is taking place on the sidelines of the Hannover Messe industrial trade fair. Brazil is the 2026 partner country of the fair, that will be running until April 24, 2026. (Photo by Odd ANDERSEN / AFP via Getty Images)

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York, on April 20, 2026. Wall Street stocks dipped early Monday, giving back a fraction of their recent bounty as oil prices jumped following Iran's renewed closure of the Strait of Hormuz. Analysts described Monday's early losses as a mild retreat following an almost unbroken string of gains so far in April. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)