|Bid||8.31 x 3000|
|Ask||8.33 x 3100|
|Day's range||7.93 - 8.45|
|52-week range||7.00 - 18.40|
|Beta (5Y monthly)||2.07|
|PE ratio (TTM)||N/A|
|Earnings date||08 Nov 2023 - 13 Nov 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Crypto investors are watching for the Federal Reserve's next announcement for insights on bitcoin (BTC-USD) as macroeconomic concerns loom over the digital currency. Shares of Chinese EV maker Nio (NIO) are down this morning due to a report from Bloomberg stating the EV maker is weighing the possibility of raising $3 billion dollars from investors amid losses Lastly, Rite Aid (RAD) shares are down after a report from the Wall Street Journal states that the company is working out a potential bankruptcy plan with creditors, which includes liquidating their stores, potentially closing down over 400 locations in the process. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
NIO launches a smartphone in the price range of $900-$1,000 and expects at least half of its users to purchase it.
The stock market didn't do very well last week, and the downward momentum appeared likely to continue Monday morning on Wall Street. Stock index futures were down slightly, as investors remain concerned about future actions from the Federal Reserve and other central banks around the world. Shares of Nio dropped about 6% in premarket trading on Monday, building on losses from last week.