Why Rivian Stock Soared Higher Today

·2 min read
Why Rivian Stock Soared Higher Today

The EV stock appears to have benefited as some investors regained a bit of optimism about the market due to upbeat quarterly results from several companies. The tech-heavy Nasdaq Composite index closed Thursday up 2.7% after Dollar Tree's quarterly earnings came in higher than analysts' average estimate. Additionally, Chinese e-commerce giant Alibaba Holdings reported better-than-expected earnings -- news that gave a boost to other tech stocks.

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