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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Why Nio Stock Is Sliding Today

Chris Neiger, The Motley Fool
·2 min read
Why Nio Stock Is Sliding Today

Shares of the Chinese electric vehicle (EV) maker Nio (NYSE: NIO) were falling this morning on seemingly no company-specific news. Instead, the EV stock is likely falling as the broader market responds to soaring inflation and the Federal Reserve's aggressive interest rate hikes. Investors are getting increasingly concerned about the potential for a global recession, and that sentiment is likely contributing to Nio's share price decline today.​​ The stock fell by as much as 4.9% today and was down by 2.5% as of 11:09 a.m. ET.

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