Shares of several automobile stocks are trading lower on overall market weakness amid a rise in Treasury yields following CPI data.
Portfolio Pulse from Benzinga Newsdesk
Automobile stocks are trading lower due to overall market weakness and a rise in Treasury yields following CPI data.
October 12, 2023 | 7:35 pm
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NEGATIVE IMPACT
Lucid Group's stock is trading lower due to overall market weakness and a rise in Treasury yields.
The rise in Treasury yields following CPI data has led to a market weakness, impacting the stock price of Lucid Group negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Li Auto's stock is trading lower due to overall market weakness and a rise in Treasury yields.
The rise in Treasury yields following CPI data has led to a market weakness, impacting the stock price of Li Auto negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NIO's stock is trading lower due to overall market weakness and a rise in Treasury yields.
The rise in Treasury yields following CPI data has led to a market weakness, impacting the stock price of NIO negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
VFS's stock is trading lower due to overall market weakness and a rise in Treasury yields.
The rise in Treasury yields following CPI data has led to a market weakness, impacting the stock price of VFS negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
XPeng's stock is trading lower due to overall market weakness and a rise in Treasury yields.
The rise in Treasury yields following CPI data has led to a market weakness, impacting the stock price of XPeng negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100