Why Rivian Stock Is Slumping Today
RIVNRivian Automotive(RIVN) The Motley Fool·2024-08-02 02:42

A recession would be bad news for Rivian, and the indicators aren't looking good.Shares of Rivian Automotive (RIVN -8.74%) fell sharply on Thursday afternoon, after new economic data stoked concerns about a potential recession.At 2 p.m. ET, Rivian's shares were down about 6.8% from Wednesday's closing price. The latest economic indicators don't look goodTwo new points of economic data raised worries about a potential recession.First, initial jobless claims rose to 249,000 last week, above the Dow Jones fore ...