Ford, GM, Stellantis stocks slide after U.S.-Iran strikes hit markets

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Ford, GM, and Stellantis stocks slid following U.S.-Iran strikes, causing oil prices to surge and raising concerns about potential economic pressure on Michigan’s auto-driven economy. Analysts warn of likely higher gas prices impacting consumer sentiment and big-ticket purchases, though a recession is deemed unlikely. The market is showing signs of a “bubble” amid high price-earnings ratios, with investors moving away from riskier assets.

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