Why NIO Stock Is Trading Lower Today

Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower on Wednesday, as coronavirus concerns put pressure on stocks across the U.S. market. As of 1 p.m. EDT, NIO's American depositary shares were down about 3.8% from Tuesday's closing price. Wednesday brought a return of selling pressure to the U.S. equity markets, as fast-rising coronavirus infection numbers drove fears of renewed lockdowns that could derail the global economic recovery.