Gores Guggenheim drops as automotive industry feels Ukraine impact
- NASDAQ:GGPI fell by 1.81% during Tuesday’s trading session.
- The automotive industry is making a statement in support of Ukraine.
- Polestar releases photos of its 2024 Polestar 4 hatchback model.
NASDAQ:GGPI kicked off the month of March on the back foot as the pre-merger SPAC stock closed lower as EV stocks declined. Shares of GGPI fell by 1.81% and closed the first trading day of the month at $10.86. It was another tumultuous day for the markets as all three major indices took a nosedive. The situation in Ukraine has intensified and the price of oil surged to a seven-year high on fears of further Russian attacks. The Dow Jones plummeted by 597 basis points, the S&P 500 dropped by 1.55%, and the NASDAQ fell by 1.59%.
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The automotive industry is doing its part to condemn the Russian attacks as several automakers have