Stock Market Today: Nio Rises 8% on Onvo L90 Launch Success Amid Soft Tech Market

Chinese electric vehicle (EV) maker Nio's (NYSE: NIO) stock price jumped 8% on Thursday to close at $4.87, outpacing the broader market after its mass-market sub-brand Onvo reported an explosive start to L90 SUV sales. The stock hit an intraday high of $4.98. While shares remain about 37% below their 52-week high of $7.71, today's rally was one of the largest among U.S.-listed EV names.The S&P 500 declined 0.4% and the Nasdaq Composite edged down 0.03%, as investors digested a mix of earnings and macroeconomic updates. Nio's strong upside stood in contrast to most of the tech sector.Peer EV makers underperformed. Rivian Automotive (NASDAQ: RIVN) fell 1.2% to $12.87 amid concerns over a 22% drop in Q2 deliveries. Lucid Group (NASDAQ: LCID) slipped 1.6% to $2.46 despite a modest rebound earlier this month, as analysts remain cautious on demand trends.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool