WKHS - Hot Stocks: EV sell-off; PYPL plunges; ETSY hits low; ATI MPC rise on earnings

Despite a slow start, stocks built gains throughout Wednesday's session, with the S&P 500 climbing almost 1%, notching its fourth consecutive day of gains. The advance allowed the market to continue its recovery after the sharp sell-off that blighted most of January. While the overall market experienced another wave of buying, the electric vehicle segment experienced notable selling pressure. A scandal at Electric Last Mile Solutions (NASDAQ:ELMS), which cut the stock's value in half on Wednesday, created a negative vibe for the sector as a whole. As a result, Rivian (NASDAQ:RIVN), Lucid (NASDAQ:LCID), Mullen Automotive (NASDAQ:MULN), Workhorse Group (NASDAQ:WKHS) and Hyliion Holdings (NYSE:HYLN) all posted notable losses. PayPal (NASDAQ:PYPL) also moved counter to the newfound positive mood on Wall Street. Shares lost nearly a quarter of their value after a disappointing quarterly report that included soft guidance for the current year. Etsy (NASDAQ:ETSY) lost ground as well, weighed down by

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Hot Stocks: EV sell-off; PYPL plunges; ETSY hits low; ATI, MPC rise on earnings