NKLA - Nikola Stock Is Rising Wednesday: What's Going On? | Benzinga
Nikola Corp (NASDAQ: NKLA) shares are trading higher by 11.2% to $0.80 going into the close of Wednesday's session. Shares of several companies in the broader industrial sector are trading higher amid overall market strength after the Fed left rates unchanged, with most Fed officials seeing rate cuts in 2024-2026.
Lower interest rates mean cheaper access to capital. For a company like Nikola, which operates in capital-intensive industries such ...