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Macro US Stocks

Bloomberg EV Price Return Index Falls 1.59% to 2,901.57

The Bloomberg Electric Vehicle Price Return Index fell 1.59% to 2,901.57 on Thursday, October 29, after a slight rise in early Asia-Pacific trading gave way to a steady decline. Aurora Innovation dropped 13.46%, Mobileye Global fell 9.21%, Hesai Group lost 6.22% and Lucid Group slid 6.16%. Among the eight gainers, Porsche P911 rose 3.22%, STMicroelectronics added 1.93% in Paris and Volvo gained 0.95%.

Original source

AI take

The dispersion matters more than the headline move: Aurora and Mobileye, both tied to autonomous and driver-assist tech, led the decline, while legacy-linked names such as Porsche and Volvo finished higher. That split suggests the selling was concentrated in the more speculative, software-heavy end of the EV complex rather than a uniform repricing of the sector. Whether that divergence persists on the next session is the open question.

Generated by AI for reference only.

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