These 2 Mobility Stocks Are Flying Higher Tuesday

The stock market recovered some lost ground on Tuesday morning, bouncing back from a big loss in Monday's session. By 11:45 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 145 points to 34,115. The S&P 500 (SNPINDEX: ^GSPC) had gained 20 points to 4,377, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had picked up 108 points to 14,822.

A number of areas in the mobility space have gotten more attention from investors lately, including electric vehicle technology and ridesharing services. Both QuantumScape (NYSE: QS) and Uber Technologies (NYSE: UBER) saw their stocks get a nice lift on Tuesday morning. Below, we'll look at what news was behind the moves and whether the stocks might build up some forward momentum.

Shares of QuantumScape were up more than 14% on Tuesday morning. The EV battery technology specialist revealed in a somewhat cryptic filing with the U.S. Securities and Exchange Commission that it had entered into a significant agreement with a top automaker.

Continue reading

Source Fool.com