Stocks drift with Fed, Ford in focus, S&P 500 earnings continue: Live Updates

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Ford, the largest U.S. automaker, laid out the impact President Trump’s tariffs may have on its business.

“We’ve estimated the gross impact of tariffs for full year total company EBIT of $2.5 billion and a net impact of $1.5 billion. It’s still too early to fully understand our competitors’ responses to these tariffs. It’s also early to gauge the related market dynamics, including the potential industry-wide supply-chain disruptions and the impact of Ford’s domestic manufacturing advantages. And as a result, we’ve decided to suspend our guidance” CEO Jim Farley told investors on the company’s earnings call Monday after the close of trading.

The automaker did post revenue of $37.42 billion, beating Wall Street estimates. Earnings per share also came in higher than expectations at $0.14.

Ford Motor Co.

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10.17

Ford shares have gained over 5% this year.