GM - What's Going On With GM Shares? | Benzinga
General Motors Co (NYSE:GM) shares are trading lower by 1.6% to $43.24 during Thursday’s session after inflation impacting American producers showed mixed results. While the headline Producer Price Index (PPI) fell short of expectations, the underlying gauge exceeded them. This has kept market uncertainties alive regarding potential delays in interest rate cuts.
The PPI experienced a year-on-year increase of 2.1%, its highest level in nearly a year. This followed unexpectedly robust consumer inflation data, causing significant market reactions…Read More
Why This Matters
An increase in producer prices suggests rising costs for inputs such as materials and labor. For companies like GM, which rely on a complex supply chain for manufacturing vehicles, higher production costs can eat into profit margins.
Market uncertainties regarding potential delays in interest rate cuts can also affect investor sentiment. Higher inflation readings ...