US GDP, Ford and Stellantis, airline earnings: 3 Things

Date:

July 25, 2024

Stock futures (^DJI, ^IXIC, ^GSPC) are reacting to the latest GDP (gross domestic product) print showing the US economy to have grown by 2.8% in 2024’s second quarter.

Ford (F) stock is taking a hit in Thursday’s pre-market trading after reporting mixed second quarter results, beating on revenue ($47.8 billion vs. $43.37 billion estimated) but falling short on adjusted earnings ($0.47 per share vs. $0.67 estimated). Fellow automaker Stellantis (STLA) is also falling on its earnings results out this morning.

Shares of American Airlines (AAL) and Southwest Airlines (LUV) slip after reporting pricing headwinds impacting profits and forward guidance.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.

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Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

US GDP, Ford and Stellantis, airline earnings: 3 Things

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