Shares of several companies in the auto & auto component sector, including Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) and Tesla Inc (NASDAQ:TSLA), are all trading higher amid overall market strength ahead of today's Fed decision. Stocks have been volatile in recent weeks as investors continue to monitor the Russia-Ukraine conflict and its impact on commodity prices.
Recent volatility in oil prices has also helped lift EV-related companies, after U.S. President Joe Biden last week announced a ban on Russian oil, natural gas and coal imports.
