Thursday’s opening bell saw stock price f at $13.76, after overnight futures pointed higher. Market breadth indicators confirm strength in industrial stocks. If support at $13.70 holds through closing today, chartists predict a retest of the $14 resistance within short order. Economic data: Exports, month-on-month, August (0.3% previously)"; Imports, month-on-month, August (5.9% previously)"; Federal Reserve Bank of New York one-year inflation expectations, September (3.2% previously); Consumer credit, August ($15 billion expected, $16.01 billion previously) Reports further noted that the screens were displaying this message all over Ford. Not only did Blue Oval employees spot the message, but screens at Ford Racing and Roush also saw the message. An employee with Ford noted, âUpset level varies. Some people bought homes farther away. Some people had a child, some people got a dog. We were promised that remote work is here to stay and people built their lives around that. An about face has real negative consequences for real people.â Analysts cite hedging activity in futures markets as stabilizing the share price. If the S&P 500 maintains current levels, correlation patterns suggest upside remains possible in the coming sessions.
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