Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Upwards on Wall Street – giants in the automotive industry down

The leading indexes on Wall Street were traded upwards on Monday – but within the automotive industry, it was still tough. Both Ford and General Motors fell.

Published: Today 22:28
Upwards on Wall Street – giants in the automotive industry down
Photo: Peter Morgan/AP/TT

It looked for a long time like it would be a red day on the American stock exchanges with occasional clear declines. Shortly before closing, the indexes climbed up over zero and gave the stock exchange a sunny ending.

The industrial index Dow Jones ended the day almost unchanged. Both Nasdaq's composite index and S&P 500 rose by 0.4 percent.

In Europe, several of the major automotive giants have issued profit warnings in recent weeks. Stellantis, which owns, among other things, Peugeot, was the latest in line to write down its forecasts by issuing a profit warning on Monday.

The gloomy automotive mood spread to the USA on Monday. Car manufacturer Ford fell by 2.0 percent, while General Motors' share price dropped by 3.5 percent.

At the same time, it looked better for electric car colleague Tesla, which rose by 0.5 percent.

Among today's winners are, among others, Apple, up 2.3 percent, and auction site Ebay, up 1.7 percent.

Transport company Fedex also had a good day and rose 2.3 percent. The company has had a bumpy September month and fell sharply on the stock exchange a few weeks ago after a weak quarterly report – but has partially recovered in recent trading days.

Places
Organisations
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Powell: No Rush with Rapid Interest Rate Cuts
1 MIN READ

Powell: No Rush with Rapid Interest Rate Cuts

KI rejects reduced petrol tax: lack of analysis
3 MIN READ

KI rejects reduced petrol tax: lack of analysis

Busch rejects solution for wind power: "Illegal"
2 MIN READ

Busch rejects solution for wind power: "Illegal"

German inflation fell more than expected
1 MIN READ

German inflation fell more than expected

Sympathy strikers in Tesla strike
1 MIN READ

Sympathy strikers in Tesla strike

"No to Spotify – night shifts not exempted"
1 MIN READ

"No to Spotify – night shifts not exempted"

Setback for boat manufacturer
1 MIN READ

Setback for boat manufacturer

Slow going in the car industry – Stellantis issues profit warning
1 MIN READ

Slow going in the car industry – Stellantis issues profit warning

Increased sales in retail trade
1 MIN READ

Increased sales in retail trade

Down on the stock exchange – tough for Volvo Cars
1 MIN READ

Down on the stock exchange – tough for Volvo Cars

Ongoing Economic Downturn in China
1 MIN READ

Ongoing Economic Downturn in China

Rush for Chinese electric car exports to EU
1 MIN READ

Rush for Chinese electric car exports to EU

German Expert: Electric Car Success Goes via China
3 MIN READ

German Expert: Electric Car Success Goes via China

Turbulent on Asia's stock exchanges
1 MIN READ

Turbulent on Asia's stock exchanges

Ripple effect for the film industry after the strike
1 MIN READ

Ripple effect for the film industry after the strike

Norwegian visitors consumed the most
1 MIN READ

Norwegian visitors consumed the most

Port Strike in the USA May Cause Freight Chaos
1 MIN READ

Port Strike in the USA May Cause Freight Chaos

Distributing Money – to Rescue Thailand's Economy
1 MIN READ

Distributing Money – to Rescue Thailand's Economy

Researchers: Giant Boost Required for CCS Technology
3 MIN READ

Researchers: Giant Boost Required for CCS Technology

Indian decision can lead to lower rice prices
1 MIN READ

Indian decision can lead to lower rice prices