Yahoo Finance’s Ines Ferre breaks down how mega-cap tech stocks, travel stocks, and more are moving today during the market sell-off. Read More...
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Why Is Nio Stock Down Today?
Shares of Chinese electric-vehicle maker Nio (NYSE: NIO) were trading down on Monday morning, amid a broad stock market sell-off driven by concerns about the highly contagious omicron variant of COVID-19. As of 10:30 a.m. ET, Nio’s American depositary shares were down about 3.4% from Friday’s closing price. The company unveiled its second electric luxury-sports sedan, called the ET5, at its annual Nio Day event on Saturday.
