Nasdaq down 8.7% in May. S&P 500 back to Jan 2018. Russell 2000 down 15.7% from peak, back to Sep 2017. FANGMAN except Microsoft get creamed.
The ruse that helped shares jump 20%.
Ford is big loser, Hyundai-Kia big winner, and Opel is someone else’s problem.
But average transaction prices rise to record highs.
A big shift, at a cost of $3.8 billion – which it now has to borrow.