2023-10-21 19:36:09

Why Rivian, Ford, and Nio Stocks Popped Today

Logo The Motley Fool
The Motley Fool
By Chris Neiger

What happened

The share prices of a handful of automakers were rising today after a new Wall Street Journal report today indicated that some Federal Reserve officials may be wary of continued aggressive interest rate hikes. Investors across all sectors are keeping a close eye on what the Fed will do at its next meetings, which will be in November and December, and are hoping that the pace and size of rate increases will slow down.

Additionally, Rivian's (RIVN 2.80%) stock is likely gaining today because the company said that it has completed repairs on most of its recently recalled vehicles. As of 3:08 p.m. ET, Rivian was up by 2.8%, Ford (F 3.53%) gained 3.1%, and Nio (NIO 1.12%) was up by about 0.5%.

AD
AD

So what

The Journal said today that while the Fed is likely to raise the federal funds rate by an additional 75 basis points at its upcoming meeting next month, officials might do a smaller rate increase at its December meeting.

Continue read on fool.com

AD
Logo The Motley Fool
MarketsBy Chris Neiger2023-10-10 16:30:23
What happened It was yet another difficult day for automotive investors. This morning, share prices of Ford ( F -6.86%) and General Motors ( GM -5.28%) were...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-10-10 16:30:23
What happened It was yet another difficult day for automotive investors. This morning, share prices of Ford (NYSE: F) and General Motors (NYSE: GM) were...

Logo The Motley Fool
Markets2024-09-23 18:58:00
What happened Recession fears took a toll on the stock market for another day Friday, and automotive stocks in particular were taking it on the chin, with...

Logo Nasdaq
MarketsBy The Motley Fool2024-09-23 18:58:00
What happened Recession fears took a toll on the stock market for another day Friday, and automotive stocks in particular were taking it on the chin, with...

Logo Nasdaq
MarketsBy The Motley Fool2023-10-20 17:13:51
What happened Investors are focused on electric vehicle (EV) makers today for a good reason. After sector pioneer Tesla (NASDAQ: TSLA) reported earnings,...

Logo The Motley Fool
MarketsBy Howard Smith2023-10-20 17:13:51
What happened Investors are focused on electric vehicle (EV) makers today for a good reason. After sector pioneer Tesla ( TSLA -6.03%) reported earnings,...

Logo The Motley Fool
Markets2024-09-29 17:28:52
What happened The stock market took a U-turn on Thursday, erasing all the gains it made on Wednesday as investors continued to worry about the impacts of...

Logo Nasdaq
Business / FinanceBy The Motley Fool2024-09-29 17:28:52
What happened The stock market took a U-turn on Thursday, erasing all the gains it made on Wednesday as investors continued to worry about the impacts of...

Logo The Motley Fool
MarketsBy Scott Levine2023-10-11 16:20:26
What happened Heading for the exit ramp yesterday, investors eagerly clicked the sell button on shares of Rivian ( RIVN 4.42%) after learning of the...

Logo Nasdaq
MarketsBy The Motley Fool2023-10-11 16:20:26
What happened Heading for the exit ramp yesterday, investors eagerly clicked the sell button on shares of Rivian (NASDAQ: RIVN) after learning of the...

Logo Benzinga
MarketsBy Adam Eckert2023-10-10 12:48:31
Rivian AutomotiveInc RIVN shares are trading lower Monday morning after the companyannounced a voluntary recall of mostof itsEVs. According to a letter sent...

Logo The Motley Fool
MarketsBy Howard Smith2023-10-12 19:06:29
What happened Rivian Automotive ( RIVN -0.37%) shares have had a volatile week so far, and today's stock moves mirrored that action. Rivian shares jumped as...

Logo InvestorPlace
MarketsBy Chris Mac Donald2023-10-14 19:21:56
Source: James Yarbrough / Shutterstock.com Rivian (NASDAQ: RIVN ) is one of the more disappointing performers in today’s market. Currently down more than...

Logo The Motley Fool
MarketsBy Rich Smith2023-10-18 16:43:36
What happened Car stocks opened higher on Tuesday. As of 11 a.m. ET, shares of automotive giant Ford ( F 1.52%) gained 1.8% and smaller electric vehicle...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-10-18 16:43:36
What happened Car stocks opened higher on Tuesday. As of 11 a.m. ET, shares of automotive giant Ford (NYSE: F) gained 1.8% and smaller electric vehicle...

Logo Nasdaq
Business / FinanceBy The Motley Fool2024-09-23 15:35:36
What happened Shares of the Chinese electric vehicle (EV) maker Nio (NYSE: NIO) were falling this morning on seemingly no company-specific news. Instead, the...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-10-20 20:34:22
What happened Shares of Ford (NYSE: F) stumbled today as investors processed comments made by Philadelphia Federal Reserve President Patrick Harker that the...

Logo The Motley Fool
Markets2024-09-23 15:35:36
What happened Shares of the Chinese electric vehicle (EV) maker Nio ( NIO -2.70%) were falling this morning on seemingly no company-specific news. Instead,...

Logo The Motley Fool
MarketsBy Chris Neiger2023-10-20 20:34:22
What happened Shares of Ford ( F -2.97%) stumbled today as investors processed comments made by Philadelphia Federal Reserve President Patrick Harker that...

Logo The Motley Fool
Markets2024-09-25 09:33:00
Shares of electric vehicle manufacturers NIO ( NIO -3.87%), Lucid Group ( LCID -1.96%), and Rivian Automotive ( RIVN 0.69%) are down sharply from their 2021...