Why Lucid Group Stock Is Sinking Today

Shares of Lucid Group (LCID -3.71%) are falling on Wednesday. The stock dropped 3.3% as of 12:53 p.m. but was down as much as 7% earlier today. The move comes as the S&P 500 and Nasdaq Composite lost 0.9% and 1.4%, respectively.The maker of luxury electric vehicles (EVs) is taking a hit after data was released showing the economy is struggling, which is intensifying fears of a recession that could see households tighten their belts and reduce spending.The economy slowedThe Commerce Department reported that ...