Why NIO Stock Is Down Today | 04.03.21 | finanzen.at

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04.03.2021 20:09:00

Why NIO Stock Is Down Today

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.NIO has already had a tough week, and it's only Thursday. The company's fourth-quarter loss of $0.16 per share, reported on Monday afternoon, was worse than Wall Street had expected given NIO's strong sales numbers. Continue reading
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