NYSE:NIO posts a modest advance on Monday amid tepid optimism.  EV Stocks erase gains on Friday as markets pull back. Volskwagen’s CEO is stepping down at the end of August. Update: NIO stock changed course on Monday and posted a modest 0.39% advance, settling at $19.32 per share. Wall Street held ground as investors hope the
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UPCOMING EVENTS: Tuesday: US CB Consumer Confidence. Wednesday: FOMC Policy Announcement. Thursday: US Q2 Advance GDP. Friday: US PCE. We closed the last week with surprisingly awful US PMI data. The services index in particular fell much lower than expectations to 47 from the prior 52.7 a month earlier. That is a very fast deterioration
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This/next week forecast (July 25 – 29, 2022) Uptrend scenario The uptrend may be expected to continue, while market is trading above support level 3922, which will be followed by reaching resistance level 4168. Downtrend scenario An downtrend will start as soon, as the market drops below support level 3922, which will be followed by
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A proposed class-action lawsuit alleges that Yuga Labs “inappropriately induced” the community to buy Bored Ape Yacht Club non-fungible tokens (NFTs) and the project’s affiliated ApeCoin (APE) token. The proposed class-action driven by law firm Scott+Scott was published on July 21, claiming that Yuga Labs used celebrity promoters and endorsements to “inflate the price” of
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