Why Ford, GM, Lucid, and Rivian Stocks Dropped Today

·3 min read
Why Ford, GM, Lucid, and Rivian Stocks Dropped Today

Recession fears took a toll on the stock market for another day Friday, and automotive stocks in particular were taking it on the chin, with Ford (NYSE: F) and General Motors (NYSE: GM) down 5.8% and 6.3%, respectively, at 2:30 p.m. ET. On the plus side, shares of electric-truck maker Rivian (NASDAQ: RIVN), which fell right alongside the legacy automakers earlier in the day, were down less than 1% at 2:30.