Crude Oil Down 3%; XPeng Shares Fall After Q2 Results
US stocks traded mixed with the Dow Jones index gaining over 150 points. Consumer staples shares jumped while information technology stocks fell. XPeng Inc shares fell 7% due to wider than expected loss and lower revenue outlook.
XPeng, a car company, lost more money than people expected and said it might make less money ahead, so its stock price dropped. When a company does worse than expected, it's a sign to watch if they can turn things around or if problems keep happening.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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