Why NIO Stock Is Trading Lower Today

John Rosevear, The Motley Fool
·2 min read
Why NIO Stock Is Trading Lower Today
Why NIO Stock Is Trading Lower Today

Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower on Wednesday, as coronavirus concerns put pressure on stocks across the U.S. market. As of 1 p.m. EDT, NIO's American depositary shares were down about 3.8% from Tuesday's closing price. Wednesday brought a return of selling pressure to the U.S. equity markets, as fast-rising coronavirus infection numbers drove fears of renewed lockdowns that could derail the global economic recovery.