Advertisement
Canada markets close in 2 hours 51 minutes
  • S&P/TSX

    21,969.68
    +84.30 (+0.39%)
     
  • S&P 500

    5,109.65
    +61.23 (+1.21%)
     
  • DOW

    38,289.36
    +203.56 (+0.53%)
     
  • CAD/USD

    0.7314
    -0.0009 (-0.12%)
     
  • CRUDE OIL

    83.87
    +0.30 (+0.36%)
     
  • Bitcoin CAD

    86,933.30
    -1,528.12 (-1.73%)
     
  • CMC Crypto 200

    1,324.78
    -71.76 (-5.14%)
     
  • GOLD FUTURES

    2,345.80
    +3.30 (+0.14%)
     
  • RUSSELL 2000

    2,002.94
    +21.82 (+1.10%)
     
  • 10-Yr Bond

    4.6710
    -0.0350 (-0.74%)
     
  • NASDAQ

    15,961.53
    +349.77 (+2.24%)
     
  • VOLATILITY

    15.08
    -0.29 (-1.89%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6835
    +0.0014 (+0.21%)
     

Why Nikola Stock Is Down Again Today

Why Nikola Stock Is Down Again Today

There wasn't any company-specific news released today, but investors may be following a larger trend of selling technology stocks as bond yields rise. Nikola's stock is down by 6% as of 10:50 a.m. ET. Investors typically sell high-growth tech stocks when bond yields rise because it means that future profits from these companies will be worth less than they would have been if rates remained lower.