Business
Why NIO Stock Is Down Today – Motley Fool
This share price decline is about more than the electric vehicle maker’s recent earnings miss.
What happened
Shares of Chinese electric-vehicle maker NIO (NYSE:NIO) were trading lower on Thursday amid a broad market sell-off driven by growing concerns about the potential effects of rising interest rates in the United States.
As of 2:00 p.m. EST, NIO’s American depositary receipts were down by about 8.5% from Wednesday’s closing price, while the S&P 500 index was trading about 2.5% lower.
So what
NIO has already had a tough week, and it’s only Thursday. The company’s fourth-quarter loss of…
-
Noosa News21 hours agoNew South Wales Blues left to pick up the pieces after fumbling a chance at State of Origin glory
-
Noosa News15 hours agoHelp to make recycling stick
-
Noosa News24 hours agoHow do you choose a safe childcare centre?
-
Noosa News13 hours agoFormer Darling Downs Zoo employee sheds new light on horrific lion attack on teacher Joanne Cabban