RIVN Stock News: Rivian Automotive ekes out a gain as Nasdaq rallies for third straight session

NASDAQ:RIVN gained 0.52% during Thursday’s trading session.
Rivian is trading nearly 50% off of its all-time high price from just one month ago.
Tesla rebounds in style despite cutting video games for its drivers.

Stocks Reporter FXStreet

NASDAQ:RIVN cruised into Christmas with another small gain on Thursday, as the company continues to battle early volatility following its November IPO. Shares of Rivian gained 0.52% on Thursday and closed the abbreviated trading week at $96.84. It was another banner day for growth stocks as the NASDAQ extended its rebound from the recent selloff. The tech-heavy index climbed a further 0.85%, while the S&P 500 entered Christmas at a fresh new all-time high. Not to be outdone, the Dow Jones added back 196 basis points, as all three indices rose for the third straight day.

Stay up to speed with hot stocks' news!

Rivian has struggled since its much publicized IPO, and the stock is now trading nearly 50% off of its all-time high price of $179.47. Other EV stocks have been beaten down just as much as Rivian over the past month, including Lucid Group (NASDAQ:LCID) which has lost over 28% of its stock price over the last month, and Fisker (NYSE:FSR) which has dropped by 15.5%. Electric vehicle stocks have managed to climb back during this week’s rally, although Lucid was one of the only companies in the red on Thursday as the stock fell by 2.74%.

Rivian stock price prediction

Another EV stock that has been clawing its way back from recent lows is Tesla (NASDAQ:TSLA). The industry leader gained a further 5.76% on Thursday as investors reacted to CEO Elon Musk’s announcement that he has completed his sale of Tesla stock. Meanwhile Tesla also reported that it has conceded to the NHTSA and will disarm the ability for drivers to play video games in Tesla vehicles while using the FSD technology.

Like this article? Help us with some feedback by answering this survey:

Author

Stocks Reporter

FXStreet

AUD/USD bounces back toward 0.6950 on fresh USD supply

AUD/USD bounces back toward 0.6950 in the Asian session on Friday. The US Dollar retreats from 17-month highs as traders take profits off the table ahead of the all-important US Nonfarm Payrolls report. Meanwhile, the Australian Dollar draws support from reviving expectations of a November interest rate hike amid elevated global yields and inflation risks.

USD/JPY struggles near 158.00 as USD retreats ahead of NFP

USD/JPY is struggling for fresh impetus near 158.00, moving away from the top end of its weekly range in the Asian session on Friday, after hotter-than-expected Tokyo CPI and amid a broad US Dollar retreat. Traders reposition themselves ahead of US Nonfarm Payrolls.

Gold fades the earlier optimism; back below $4,200

Gold could not sustain the post-NFP bull run past the $4,200 mark per troy ounce, receding toward the $4,180 region at the end of the week. The precious metal’s inconclusive price action comes amid fresh selling pressure hurting the US Dollar as investors assess the latest NFP data.

Crypto Today: Bitcoin, Ethereum and XRP gains reinforce bullish outlook

Cryptocurrency prices are broadly recovering on Friday, led by Bitcoin moving above $86,000. Ethereum has reaffirmed its bullish outlook, rising above $2,700 while the immediate area at $2,800 caps upside. Meanwhile, Ripple hovers near $1.54.

Week ahead – Fed minutes in the spotlight amid bond market rout

Energy crisis and soaring bond yields to stay in driver’s seat in quiet week. Fed minutes eyed after drop in October rate hike bets. ISM services PMI and Treasury auctions to be watched too. Canadian employment, Japanese wages and ECB minutes also on tap.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.