Advertisement
Singapore markets closed

  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Bitcoin USD

    66,403.45
    +301.95 (+0.46%)
     

  • CMC Crypto 200

    1,437.99
    +13.89 (+0.98%)
     

  • FTSE 100

    8,082.03
    +37.22 (+0.46%)
     

  • Gold

    2,332.30
    -9.80 (-0.42%)
     

  • Crude Oil

    83.10
    -0.26 (-0.31%)
     

  • 10-Yr Bond

    4.6380
    +0.0400 (+0.87%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     

  • Jakarta Composite Index

    7,174.53
    +63.72 (+0.90%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Why Nio Stock Surged 10% Today

Neha Chamaria, The Motley Fool
·3-min read
Why Nio Stock Surged 10% Today

Nio (NYSE: NIO) stock surged Tuesday morning as the broader U.S. market rose, and was trading 10.2% higher as of 12:23 p.m. ET. Ironically, the electric vehicle (EV) maker just got a massive price target downgrade, but investors right now appear to care less about what analysts think and more about what's happening in Nio's home market of China. On Tuesday morning, Citigroup analyst Jeff Chung slashed his price target on Nio to $41.10 per share from $87 a share, according to TheFly.com.

Continue reading