Continental and Volvo AB Help D20 Stock Index Rise For 5th Consecutive Week

Stocks like Continental and Volvo AB helped the Driverless Transportation Weekly Stock Index (D20) push its consecutive weekly gain streak to five, edging up 0.6 percent to close the week at 185.82.

The D20 continued its positive run, beating out the Dow and the S&P 500, which each gained 0.1 percent. The D20 was evenly split between 10 price gainers and 10 price losers.

Continental’s (CTTAY) stock price jumped 5.8 percent and was the biggest price-percentage leader, and Volvo AB (STO:VOLV-B), the Swedish heavy truck manufacturer, saw its stock climb 4.3 percent on the Stockholm stock exchange.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

 

Up-and-Comers:

Farady, the Chinese-backed, privately held electric car manufacturer, has scaled back its U.S. plans.  It has reduced the number of models it plans to produce from seven to two, and has reduced the size of the planned U.S. production facility in North Las Vegas, Nevada from 3 million square feet to 650,000 square feet. These reductions come at a time when rumors of cash flow issues surround the start-up.