US stocks soar on strong Ford data

clock

Positive figures from Ford helped US stocks rally on Friday.

The US flagship car giant today posted a lower than forecast quarterly loss of 75 cents a share compared to expectations of a $1.2 loss. The Dow Jones raced to a 101 point, or 1.28%, gain to 8,058 while the S&P 500 advanced 1.2%. On the Dow, General Motors advanced 4.32% to $1.69 but American Express, up $2.75, or 13%, to $23.72, and Microsoft Corp, up $1.43, or 7.56%, to $20.35, currently top the winner's table. Citigroup, down $0.06, or 1.94%, to $3.14, is among the early losers, which also include Pfizer. The positive sentiment seeped to the UK by late afternoon Friday as the FTS...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

FIF25: House of Lords member calls for stronger international economic cooperation

FIF25: House of Lords member calls for stronger international economic cooperation

Economics often a driver of geopolitical instability

Sorin Dojan
clock 04 June 2025 • 2 min read
Woodford sets date for portfolio platform launch

Woodford sets date for portfolio platform launch

W4.0 will launch on Friday 6 June

Cristian Angeloni
clock 03 June 2025 • 1 min read
FCA seeks feedback on stablecoin and crypto policy proposals

FCA seeks feedback on stablecoin and crypto policy proposals

Feedback deadline set at 31 July

Patrick Brusnahan
clock 29 May 2025 • 1 min read