The Ibovespa gained nearly 1% to trade above 173,000 on Thursday as investors reacted to weaker-than-expected US labor market data.
The US economy added 57,000 nonfarm payrolls last month, well below forecasts of 110,000, reducing expectations of a Federal Reserve rate hike later this month and prompting a reassessment of the monetary policy outlook.
Financial stocks posted gains, with Itaú up 1.5%, while Bradesco and Banco do Brasil advanced more than 1%.
Utilities also traded higher, with Axia gaining nearly 2%.
Vale rose over 1.5% as iron ore prices strengthened.
Petrobras added more than 1.5% despite lower oil prices after reports that the company is preparing to enter nuclear power generation by installing a small modular reactor (SMR) at one of its refineries as part of its decarbonization strategy.
Other notable gainers included Ambev (+1%), Rede D’Or (+1%), and Embraer (+1.5%).