Bespoke Research points out that Meta — after losing about one-fourth of its market cap on Wednesday — now has a less-than-1-per-cent weighting in the S&P 500, its smallest weighting since 2014. Add to that a consumer who’s under pressure from inflation and possibly a looming recession, and we can start to see why folks are getting a bit jumpy. Read More...
Motley Fool
Why Nio Stock Crashed Today
Nio (NYSE: NIO) stock crashed Thursday morning, sinking 6.5% lower as of 11:25 a.m. ET. The Chinese electric vehicle (EV) manufacturer is upping up its battery swap game and even setting up a battery manufacturing business. Investors in Chinese stocks are already scurrying for cover after Chinese leader Xi Jinping secured a third term earlier this week, as they fear Xi’s ideologies, particularly his crackdowns on the private sector and zero-COVID policy, to continue.
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