Support Democrats’ Right to Speak Freely and Make Damn Fools of Themselves
Comedy Always Evolves, and Colbert Almost Killed It
John Brennan Plays the 'Nazi Card' While FBI Turns Up the Heat
Remember the McCloskeys? The Government Finally Gave Back What it Stole From Them.
The VP Harris Post-Mortem on Stephen Colbert (Yes, Kamala, the System Worked)
Trump’s Tariff Triumph
The Biggest Losetit
It’s Time for Independence for Biafra Free From Nigerian Control
Democrats Are in Disastrous Shape As Midterms Loom
Has Pressure on Advertisers to Leave X Hurt the Right’s Only Major Free...
Understanding Transgender Surgery
Kash Patel Uncovers Burn Bags and Buried Truths, Deep State Scrambles to Hide...
Democrat Calls Lawbreakers 'Long-Term Residents' in Stunning Display of Border Amnesia
America First, Big Pharma Last: Trump Orders Drug Prices Slashed to Lowest Global...
California Homeowners Take Up Arms as Crime Surges Under Newsom, Bass
OPINION

The New EV Is Here

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
AP Photo/Seth Wenig, File

The Amazon and Ford-backed EV start up, Rivian (RIVN), debuts today. RIVN opened at $106.75, a 37% pop from its IPO priced at $78, which makes its market cap bigger than that of  General Motors (GM), FedEx (FDX) or Lululemon (LULU). By the way, GM was initially interested in investing in Rivian, but its rival Ford ended up investing in the EV start-up instead.

Advertisement

Major indices continue to pull back on this mornings’ inflation data and are down nearing their low of the session. Six of 11 S&P 500 sectors are in red. Utilities continue to lead while Technology is the laggard.

S&P 500 Index

 

-0.25%

Communication Services XLC

 

-0.28%

Consumer Discretionary XLY

+0.45%

 

Consumer Staples XLP

+0.30%

 

Energy XLE

 

-1.86%

Financials XLF

+0.15%

 

Health Care XLV

+0.38%

 

Industrials XLI

 

-0.07%

Materials XLB

 

-0.21%

Real Estate XLRE

 

-0.25%

Technology XLK

 

-0.89%

Utilities XLU

+0.42%

 

 

Breadth is negative across the board, as is the down volume. Contrary to that, new 52-week highs on both exchanges continue to soar.

Market Breadth

NYSE

NASDAQ

Advancing

1,474

1,846

Declining

1,809

2,592

52 Week High

127

106

52 Week Low

25

72

Up Volume

1.03B

1.12B

Down Volume

1.06B

1.52B

We are not forcing the issue this afternoon.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement