Why NIO Stock Is Up 10% Today despite the S&P 500’s 1.5% Fall

Why NIO Stock Is Up 10% Today despite the S&P 500’s 1.5% Fall

On November 19 at 12:42 PM EST, the stock of Chinese electric car maker NIO (NIO) was up 10.0% from its previous day’s close. In contrast, the broader market was trading on a negative note today. The S&P 500 Index is down 1.5%, and the NASDAQ Composite Index is down 2.6%.