On Monday, U.S. time, investors awaited the Federal Reserve’s interest rate decision in two days’ time, with the market now generally expecting the Fed to suspend interest rate increases this time. U.S. stocks opened lower and moved higher on Monday and closed slightly higher, with the Dow Jones Industrial Average rising 0.02%, the S&P 500 Index rising 0.07%, and the Nasdaq Composite rising slightly by 0.01%. The 11 major S&P sectors had mixed gains and losses, with telecommunications services and financial sectors generally rising, while the real estate sector ended with a decline.
Ford, General Motors and Strantis share prices all fell on the 18th.
Affected by the U.S. auto workers’ strike, Ford Motor’s stock price fell more than 2% on Monday, General Motors fell 1.8%, and Stratis fell 1.6%. The United Auto Workers union recently rejected a 21% wage increase proposed by Strantis. The strike has entered its fourth day and no solution has yet been seen.
Goldman Sachs lowers Tesla’s earnings forecast for this year and next.
Tesla stock price fell more than 3% on the 18th
Tesla shares fell 3.3% to $265.28 per share on Monday. The reason is that Goldman Sachs lowered its performance forecast for Tesla this year and next, saying that its average sales price and vehicle gross profit are declining. Goldman Sachs analysis believes that Tesla may further cut prices next year to maintain high vehicle sales levels.