Understanding current events through the lenses of the past and future.
Wall Street Journal
Stellantis posted a steep first-half drop in earnings that fell below forecasts as more cars sat at U.S. dealerships.
https://www.wsj.com/business/earnings/stellantis-considers-price-cuts-after-earnings-drop-missing-expectations-856d4633
The Dow rose after the report, gaining 0.2% while the S&P 500 and Nasdaq fell 0.5% and 0.9%, respectively.
The U.S. economy accelerated in the second quarter with GDP rising at an annual rate of 2.8% as consumers increased their spending, businesses invested more in equipment and stocked inventories, and inflation cooled.