Once a household name, is iconic car maker Ford in dire straits? Jefferies downgrades shares to Underperform from Hold, cuts price target to $9 from $12
recession fears becoming a major point of concern for the US stock market in the coming days, due to the incoming Donald Trump administration at the White House in January, things may get even more complex in the coming days.
Also Read: Who is Rex Heuermann, suspected serial killer charged with seventh murder in Giglo Beach killings case?
The automobile industry's stocks have not been a part of the massive bull run but have maintained a steady rise in the last couple of years, and have also contributed quite well to the top stock indices, as per reports.
FAQs:
Has Donald Trump won the US Presidential elections?
Yes, Donald Trump is currently the new US President-elect, and will be taking up charge from January, 2025 after the inauguration ceremony.
Is the US stock market in recession?
As of now, the stock markets are not facing any effect of recession, and it has been an overall banner year for the markets, domestically as well as internationally, as per reports.
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
