Xos is trading 5% up at $2.05 as a broader technology-led rally lifts risk appetite across growth and EV-related stocks.
- The stock is rebounding from a 5.1% drop in the previous session, despite a lack of fresh company-specific news or analyst updates.
- Positive sentiment is being driven by the Nasdaq and S&P 500 climbing more than 1% following upbeat Microsoft earnings and cooling inflation data.