The leading indices on Wall Street traded higher on Monday – but in the automotive industry it was still gloomy.
Both Ford and General Motors fell.
For a long time it looked like it was going to be a red day on the American stock markets, with clear declines at times. Shortly before closing, however, the index climbed above zero and gave the stock exchange a sunny end.
Industry heavyweight Dow Jones ended the day just above unchanged levels. Both the Nasdaq composite index and the S&P 500 rose to plus 0.4 percent.
In Europe, several of the major automotive giants have warned of profits in recent weeks. Stellantis, which owns Peugeot among other things, was the latest in the ranks to write down its forecasts by warning of a profit on Monday.
The grim vehicle mines spread to the United States on Monday. Carmaker Ford retreated by 2.0 percent, while General Motors’ stock fell by 3.5 percent.
At the same time, it looked better for all-electric industry colleague Tesla, which rose by 0.5 percent.
Today’s winners include Apple, up 2.3 percent, and the 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 difficult September and a few weeks ago fell sharply on the stock market after a weak quarterly report – but has recovered to some extent in recent trading days.