Why Ford Stock Is Sliding Lower Today
Shares of Ford Motor Company (NYSE: F) opened lower on Monday amid a broad market sell-off driven largely by concerns about rising interest rates. As of 10:30 a.m. ET, Ford's shares were down about 4.7% from Friday's closing price.
Ford's was one of many stocks that took hard hits in early trading on Monday. There were several possible catalysts for the sell-off, but the primary trigger seemed to be concerns about interest rates.
Traders and investors are concerned about higher interest rates in the U.S., which now seem likely amid the highest inflation in years. Of urgent concern: The U.S. Federal Reserve will begin a two-day meeting on Tuesday that is expected to end with a signal it will begin raising rates soon, possibly in March.
Source Fool.com
