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Benzinga
Benzinga
Business
Henry Khederian

SHOCKING: Why ford shares are getting hammered today - You Need To See This

Ford Motor Company (NYSE:F) shares are trading lower by 7.50% to $11.78. Shares of several auto & auto component companies are trading lower amid overall market weakness following worse-than-expected May CPI data.

Rising inflation and an increase in US Treasury yields has also weighed on the market. Growing inflation has caused economic slowdown fears, which have impacted the sector.

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