Why NIO, Walmart Lost Big in the Stock Market's Thursday Decline
The Dow Jones Industrial Average (DJINDICES: ^DJI) joined the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) with declines, but none of the indexes fell more than 1% on the day. NIO (NYSE: NIO) has been a big winner in the electric-vehicle (EV) industry, but its stock fell on Thursday in response to heightened competitive pressures. Meanwhile, retail giant Walmart (NYSE: WMT) was also a big loser for investors as it delivered mixed news in its quarterly financial report.