The US markets closed Friday?s session mixed as investors continued digesting comments made by Fed Chair Jerome Powell earlier in the week regarding the high possibility of half percentage point interest rate hikes to tackle rising inflation in the near future. Nio tumbled 9.4% on Friday after releasing fourth-quarter results. Despite reporting a jump in vehicles delivered and a near 50% increase in revenue, investors sold out of Nio shares after the company issued a forecast for vehicle deliveries in the first quarter that fell short of expectations. A spotlight on The Honest Company as shares in the American consumer goods business plummeted 22.5% on Friday following the release of fourth-quarter results. The company founded by actress Jessica Alba reported a loss per share and revenue that fell short of market expectations. Uber has been granted a two-and-a-half year licence to operate its private hire vehicles in London after previously being denied the licence for not meeting the Transport of London?s standards.
VIDEO: The Honest Company plummeted 22.5% on Q4 results
Video Player is loading.