The auto maker’s shares have suffered since its disappointing second-quarter earnings. This could help it turn things around.
Stocks rose sharply Friday after the personal consumption expenditures price index, the report the Federal Reserve considers the most accurate measure of price inflation, matched expectations. The data have analysts and economists expecting an interest-rate cut from the Fed in September.
This earnings season has provided some nasty surprises from Tesla, Alphabet and others, making it hard for investors to know what to do next.