Shares of Rivian Automotive Inc. tumbled 12.0% in afternoon trading toward a record low, following Ford Motor Co.'s disclosure that it sold more than $200 million worth of the electric vehicle maker's stock. Ford's share sale came after the lockup agreement in Rivian's initial public offering expired on Sunday. Meanwhile, ecommerce behemoth Amazon.com Inc. , which said Read More...
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3 Stocks That Can Turn $10,000 Into $50,000 by 2025
The stock market is having a forgettable 2022 so far thanks to multiple headwinds, such as the geopolitical instability in Europe, surging inflation, a contracting economy, and a hawkish Federal Reserve that has adopted an aggressive stance toward raising interest rates. Technology stocks have been hammered big time thanks to the factors discussed above, with the Nasdaq-100 Technology Sector index down a whopping 31% this year. The likes of Nvidia (NASDAQ: NVDA), ASML Holding (NASDAQ: ASML), and Twilio (NYSE: TWLO) are three such high-flying stocks that have crashed hard amid the sell-off.
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