Why Ford Stock Is Trailing the Market Today
U.S. markets are on the rise Monday with many beaten-down stocks jumping higher. But shares of Ford (NYSE: F) are trailing both the S&P 500 and Nasdaq Composite this afternoon. As of 3:12 p.m. ET, the S&P 500 was holding on to a gain of 2.5% while the tech-heavy Nasdaq was soaring 3.2%. But Ford stock is lagging both sectors today, with a small gain of just 0.9% at that time.
Investors aren't yet sure whether to consider Ford an industrial stock or one that fits with the fast-growing electric vehicle (EV) sector as it builds a new EV lineup. Ford expects to invest $50 billion to grow its EV production and create its new segment designated Model e.
Image source: Ford.
Source Fool.com
