Ford, GM and Stellantis Stocks Drop 3.8–5.8% After U.S.-Israeli Strikes
Ford shares fell 4.04% to $13.52, GM slid 3.76% to $75.73 and Stellantis dropped 5.82% to $7.62 after U.S.-Israeli strikes; by 10:52 a.m., losses widened to 5.64%, 2.85% and 6.12% respectively. Analysts foresee a 5–7% market pullback and higher gas prices, but maintain that a U.S. recession is unlikely.
1. Early Trading Slides
Ford fell 4.04% to $13.52, GM dropped 3.76% to $75.73 and Stellantis declined 5.82% to $7.62 shortly after markets opened, with losses widening to 5.64%, 2.85% and 6.12% by midmorning.
2. Commodities Surge
Oil and gold futures surged as investors priced in heightened geopolitical risk, sending crude prices upward and driving gold to multi-week highs.
3. Analyst Perspectives
Analysts forecast higher gasoline costs could damp consumer spending and anticipate a potential 5–7% market pullback, while largely dismissing the likelihood of a U.S. recession.