Illumina, Biogen and Carnival rise premarket; Nasdaq slumps
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StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Market focus for NIO (NIO) will soon shift back to execution - Morgan Stanley
June 12, 2023 1:27 PM EDTMorgan Stanley's Tim Hsiao believes that despite NIO Inc.'s (NYSE: NIO) price cuts, the market's focus will likely soon shift back to execution after today's rally.
NIO shares are up around 7.5% at the time of writing, trading above the $8.30 mark. Earlier in the... More
Morgan Stanley on NIO (NIO): 'the market's focus will likely soon shift back to execution after today's rally'
June 12, 2023 11:49 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $12.00 price target on NIO (NYSE: NIO)
The analyst comments "Following price cuts today, NIO maintained the volume and margin guidance provided on 1Q earnings call. More operational details shared during the NDR help... More
S&P Downgrades Nasdaq (NDAQ) To 'BBB'; Outlook Stable
June 12, 2023 10:08 AM EDTS&P Downgrades Nasdaq (NASDAQ: NDAQ) To 'BBB'; Outlook Stable
... MoreNIO Inc. (NIO) slashes prices and ends free battery swapping
June 12, 2023 9:00 AM EDTChinese electric automaker NIO Inc. (NYSE: NIO) revealed Monday its decision to reduce prices across all models and discontinue free battery swapping services for new customers. This move comes as the Chinese automaker grapples with financial losses and lackluster sales, placing them under increasing scrutiny and... More
