Why Ford, GM And Goodyear Tire & Rubber Shares Are Falling Today

Shares of several companies in the automotive and auto components sector, including Ford Motor Company F, General Motors Company GM and Goodyear Tire & Rubber Co GT, are all trading lower as the Russian invasion of Ukraine continues to escalate. The conflict has weighed on stocks across sectors and pressured economic sentiment.

Monday marked the final trading session of February. In what was a volatile month across sectors, the SPDR Dow Jones Industrial Average ETF Trust DIA fell by 6.1% to $332.40, the SPDR S&P 500 ETF Trust SPY lost 5.1% to $429.65 and the Invesco QQQ Trust Series 1 QQQ fell by 6.5% to $341.82. Stocks suffered losses in February as investors reacted to US inflation data, Fed tapering outlook and a new 2-year high in the 10-year US Treasury yield.

Ford is trading lower by 4.4% at $16.78.

GM is trading lower by 4.2% at $44.77.

Goodyear is trading lower by 5.6% at $14.63.

See Also: Zoom Video CFO Optimistic About Transition 'From Being A Killer App To Being A Multi-Product Platform'