Ford shares post worst day since 2008, leading autos rout after company's disappointing earnings
Publishing timestamp: 2024-07-25 14:40:12
Summary
Ford is leading the decline in major U.S. automotive stocks after missing Wall Street's earnings expectations for the second quarter. Shares of Ford closed down by 18.4%, marking the stock's worst daily decline since 2008. General Motors and Stellantis also saw declines after reporting their results. Despite challenges, some analysts remain optimistic about Ford's underlying business operations. Tesla also saw a decline in stock price after reporting weaker-than-expected quarterly earnings.
Sentiment: NEGATIVE
Keywords: business news, stellantis nv, breaking news: technology, breaking news: markets, general motors co, tesla inc, united states, transportation, markets, technology, autos, breaking news: business, detroit, ford motor co, business, earnings,
Source: https://www.cnbc.com/2024/07/25/ford-gm-stellantis-stocks-fall-after-disappointing-earnings.html