Shares of EV stocks are trading lower amid a selloff in growth sector following a downgrade of the US credit rating.
Portfolio Pulse from Benzinga Newsdesk
Shares of EV stocks are trading lower following a downgrade of the US credit rating, which has led to a selloff in the growth sector. The stocks of LCID, PSNY, and RIVN are among those affected.
August 04, 2023 | 11:56 am
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NEGATIVE IMPACT
Lucid Group's stock is trading lower due to a selloff in the growth sector following a downgrade of the US credit rating.
The downgrade of the US credit rating has led to a selloff in the growth sector, which includes EV stocks like Lucid Group. This has resulted in a decrease in the stock price of LCID.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The stock of PSNY is trading lower due to a selloff in the growth sector following a downgrade of the US credit rating.
The downgrade of the US credit rating has led to a selloff in the growth sector, which includes EV stocks like PSNY. This has resulted in a decrease in the stock price of PSNY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Rivian's stock is trading lower due to a selloff in the growth sector following a downgrade of the US credit rating.
The downgrade of the US credit rating has led to a selloff in the growth sector, which includes EV stocks like Rivian. This has resulted in a decrease in the stock price of RIVN.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100