Advertisement
Singapore markets close in 7 hours 55 minutes

  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     

  • Nikkei

    37,973.74
    -486.34 (-1.26%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Bitcoin USD

    64,551.66
    -2,230.55 (-3.34%)
     

  • CMC Crypto 200

    1,395.41
    -28.69 (-2.01%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,330.40
    -8.00 (-0.34%)
     

  • Crude Oil

    82.79
    -0.02 (-0.02%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     

  • Jakarta Composite Index

    7,174.53
    -7,110.81 (-49.78%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Why Nio, ChargePoint, and QuantumScape Stocks Rocketed Higher Today

Chris Neiger, The Motley Fool
·3-min read
Why Nio, ChargePoint, and QuantumScape Stocks Rocketed Higher Today

Shares of electric vehicle (EV) stocks were rising today as investors processed the latest inflation data, which was better than expected. Investors are hoping slowing inflation could spur the Federal Reserve to slow the pace and intensity of its interest rate hikes. EV investors were enthusiastic as well, with Nio's (NYSE: NIO) share price climbing 2.8%, EV charging company ChargePoint Holdings (NYSE: CHPT) rising 3.6%, and EV battery company QuantumScape (NYSE: QS) jumping 6.1% as of 1:50 p.m. ET.

Continue reading