Porsche (PAH3 GY) is a popular global premium-class carmaker. A Volkswagen Group company, it holds majority stake in its parent (about 53% of VW’s equity). Porsche recently entered e-mobility market with its all-electric Taycan model.
Feeble labor market data has brought hope Federal Reserve will put tightening its monetary policy on hold. That said, quite logically, technologies were among the day’s leaders.