Stock Market Today: NIO Jumps as Glimmers of Profitability Emerge

Nio (NYSE: NIO) rose 3.1% to $6.58 after reporting a smaller-than-expected $567 million loss for Q2 and an improved margin of 10%, indicating a potential turnaround. In contrast, the broader markets fell, with the S&P 500 down 0.7% and Nasdaq down 0.8%, while peers Li Auto and BYD also saw gains of 4.5% and 2.9%, respectively, amid optimism for Chinese EV demand.

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