Why Ford, GM And Tesla Shares Are Rising Today

Shares of several companies in the auto & auto component sector, including Ford Motor Company F, General Motors Company GM and Tesla Inc TSLA, are all trading higher amid overall market strength ahead of today's Fed decision. Stocks have been volatile in recent weeks as investors continue to monitor the Russia-Ukraine conflict and its impact on commodity prices.

Recent volatility in oil prices has also helped lift EV-related companies, after U.S. President Joe Biden last week announced a ban on Russian oil, natural gas and coal imports.

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Ford is trading higher by 2.6% at $16.48.

GM is trading higher by 3.5% at $43.60.

Tesla is trading higher by 4.1% at $834.42.