Shares of several companies in the auto & auto component space, including Ford Motor Company (NYSE:F), Fisker Inc (NYSE:FSR), General Motors Company (NYSE:GM), Tata Motors Limited ADR (NYSE:TTM) and Tesla Inc (NASDAQ:TSLA), are all trading lower as stocks pull back on continued volatility amid Russian military aggression in Ukraine. The conflict has weighed on stocks and economic sentiment.
As the Russia-Ukraine conflict persists, the SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) has fallen by 7.3% at $338.84 on a year-to-date basis, the SPDR S&P 500 ETF Trust (NASDAQ:SPY) has lost 8.6% to $436.93 and the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) has fallen by 14.3% to $344.37. Stocks have also suffered losses in early 2022 as investors react to US inflation data, Fed tapering outlook and a new 2-year high in the 10-year US Treasury yield.
