Wall Street ended lower on Tuesday, starting 2023 with a modest decline. With trading resuming after the three-day holiday weekend, investors carried over the negative sentiment that saw 2022 end with the worst annual performance since the Great Recession. The S&P 500 slipped 0.4% on the day, with energy stocks leading the slide. While the … Read more
The downward momentum that marked the end of last week continued on Monday, with the major averages finishing lower for the fourth consecutive session. The Nasdaq led the decline, falling by 1%. Rivian (NASDAQ:RIVN) represented a notable decliner on the session, falling in the wake of a recall. Five9 (FIVN) also saw significant weakness, losing … Read more
Rivian Automotive (RIVN) rolled out the first all-electric pickup truck, the R1T, on Sept. 14, 2021. On Nov. 9, 2021, the much-anticipated RIVN IPO priced strong. The EV startup had a monster IPO, however shares have fallen well below their IPO price recently, amid an overall market downturn. Rivian now has a market cap of … Read more