U.S. stocks rallied during midday trading on Friday, after slipping earlier at the open, as investors weigh in on fresh economic data including consumer spending data, a closely watched measure by the Federal Reserve.
Yahoo Finance's Jared Blikre looks at how markets settled on Thursday afternoon.
The stock has been halted nine times for volatility since 12:56 p.m. The company said before the stock market opened that it opened its first retail studio and service center in Montreal. There were also multiple media reports, that cited a Betaville report, that a Saudi Arabia-based investment fund was looking to take Lucid private. A company filing with the Securities and Exchange Commission from Dec. 28 showed that the Public Investment Fund (PIF) of Saudi Arabia owned 1.11 billion Lucid shares, or 60.7% of the shares outstanding, which the PIF said was made for “investment purpose.”