EV Makers Falling As Lucid Runs Into Regulator Issues With SEC

EV Makers Falling As Lucid Runs Into Regulator Issues With SEC

The equity index futures are mixed on Monday morning as the Nasdaq Composite (COMP:GIDS) appears to be picking up where it left off on Friday. The Nasdaq led the markets lower on Friday, falling more than 1. 92%. As you might expect with the Nasdaq leading the fall, the information technology sector was the worst performing sector. The Technology Select Sector Index ($IXT) closed 1. 65% lower. The Dow Jones Industrial Average ($DJI) did much better than the Nasdaq by closing 0. 17% lower and its futures contracts is trading on the positive side this morning. The VIX (Cboe Market Volatility Index) traded back to January 2021 levels on Friday, reaching as high as the 35 mark before dropping back to around 30. On Monday morning, the VIX had slipped further. Fear and uncertainty appeared to be growing among investors who are trying to digest a worse-than-expected jobs report that came out Friday morning. The economy was expected to add 550, 000 jobs in November, but only added 210, 000. Despite the lackluster job growth, it wasn't bad enough for the Fed to be unlikely to back off its tapering plans. This week the Fed has more data to consider