Stocks were mixed on Friday following the release of the Labor Department's August jobs report. Jim Worden, Wealth Consulting Group CIO and Mark Hamrick, Bankrate.com Senior Economic Analyst joined Yahoo Finance Live to discuss. Read More...
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Why Nio Stock Dropped in August
China is the largest automotive market in the world, and investors have been following growing electric vehicle makers there, like Nio (NYSE: NIO), giving it a market capitalization of more than $60 billion even with the company yet to reach profitability. In August, that volatility led Nio shares to drop 12%, according to data provided by S&P Global Market Intelligence. Automakers globally have been battling supply chain issues, and they have begun to affect Nio as well.
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