Li Auto ($LI), Chinese EV Maker - Time To Shine?
@JC888:
At the start of the trading week Mon, 07 Aug - stocks bounced back as the market’s fear gauge cooled down on a quiet day for traders. I like to believe that last Friday’s data released by the Bureau of Labour Statistics, on a mixed but encouraging jobs report that showed (a) a lower unemployment rate, (b) higher wages and (c) moderate payroll growth; still have some residual effect on the market. The data eased some concerns about the pace of economic recovery and inflation. Lastly, as the saying goes “no news is good news”, this kind of led market to close higher; all the while with eyes glued to coming Thur, 10 Aug official release of July consumer price index (CPI) data. By the time market closed: Dow Jones Industrial Average rose around +1.16%, or more than 400 points. S&P 500 ga