China’s in the Spotlight as Nio Falls, PDD Jumps

Market volatility can be scary, but every so often, you can almost tell that Wall Street is trying to take advantage of what could be the last few quiet days of summer. Overall, market participants are waiting to see whether the economy starts behaving better or if high interest rates end up producing the recession that so many have anticipated for such a long time. As you’ll see below, Nio (NYSE: NIO) moved lower after reporting its latest financial results, but Pinduoduo parent PDD (NASDAQ: PDD) got a nice jump.

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