Dow Jones futures fell slightly Monday afternoon, along with S&P 500 futures and Nasdaq futures. The stock market rally continued to strengthen last week, with more breakouts and buying opportunities picking up. But investors should step cautiously, ready to act in a still-tricky market.
Nio, Tesla EV Rivals To Report Sales
Nio (NIO), Xpeng (XPEV), Li Auto (LI) and BYD Co. (BYDDF) are expected to release May production and delivery figures next week, perhaps as soon as June 1. Can Nio and its China EV rivals take advantage of Tesla (TSLA) woes in that huge auto maker? Or will chip shortages stymie their expansion plans?
Nio in particular has warned that chip woes will limit production in Q2. Xpeng and Li Auto, which reported…