Ford Motor Company F shares are trading lower in sympathy with the overall market following worse-than-expected US inflation data.
The 10-year Treasury yield hit an intraday high of 1.592% before dipping to around the 1.551% level. This jump in Treasury yields has also weighed on stocks for the session.
Ford shares were trading higher Monday amid overall US market strength following House passage of a $1.2 trillion infrastructure bill. The bill is expected to benefit industrials and EV-related companies.
Ford manufactures automobiles under its Ford and Lincoln brands. The company has about 14% market share in the United States and about 7% share in Europe.
Ford has a 52-week high of $20.51 and a 52-week low of $8.10.
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