Tech stocks slammed as inflation fears mount

U.S. equity markets ended mixed Monday as tech shares pulled back on valuation concerns and cyclical names gained. Mega-cap tech stocks including Apple Inc., Tesla Inc. and Microsoft Corp. were under pressure as inflation concerns caused bond yields to rise, weighing on growth names. The 10-year yield climbed another 2.6 basis points to 1.37% and […]

Why NIO, XPeng, and Li Auto Stocks Are Trading Lower Today

What happened Shares of three widely followed Chinese electric-vehicle makers — NIO (NYSE:NIO), XPeng (NYSE:XPEV), and Li Auto (NASDAQ:LI) — were all down on Tuesday morning. The companies’ shares were caught in a wave of selling triggered in part by signs that U.S. interest rates may be on the rise.  Here’s where things stood as of 10:30 a.m. EST, relative to Monday’s […]