Lion Electric designs and builds all-electric trucks, buses and minibuses. Earlier this month, the company, which keeps its books in U.S. dollars, reported a loss of US$19.9 million or nine cents per diluted share in its third quarter compared with a loss of US$17.2 million or nine cents per diluted a year earlier. Revenue for the quarter ended Sept. 30 totalled US$80.3 million, up from US$41 million in the same quarter last year. The Canadian Press 10:17 a.m. Markets open: Stocks take breather from melt-up Stocks edged lower after hitting overbought levels in a rally that sent the market toward one of its biggest melt-ups over the last 100 years. The S&P 500 pulled back after notching a four-week advance. Wall Street’s “fear gauge” — the VIX — halted a slide that drove the equity-volatility gauge to its lowest since 2020. Cryptocurrency-linked shares dropped as Bitcoin slid. Traders will keep a close eye on retailers as Cyber Monday kicked off. Gold topped US$2,000 as the U.S. dollar continued to weaken. Bond yields fell. “The technical backdrop in the stock market right now is critically important,” said Matt Maley, chief market strategist at Miller Tabak + Co. “This does not mean that we’re about to see an important top in the stock market. It could just mean that we’ll see a mild pullback or even a ‘sideways’ correction at some point in the next week or two to work off this overbought condition.”
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