Stock futures were up modestly Friday following the S&P 500 ‘s 1.6% drop on Thursday, its worst day since March, as investors reacted to signals from the Federal Reserve that it could keep interest rates higher for longer.Ford rose 0.2%, General Motors gained 0.4%, and Stellantis dipped 0.4% with the United Auto Workers union threatening to expand its strike against the Big Three automakers on Friday if substantial progress isn’t made in negotiations.
VinFast Auto , the Vietnamese electric-vehicle maker, reported a second-quarter loss of $526.7 million, which was 8% narrower than the year-earlier period. The company said it delivered 9,535 vehicles in the second quarter, up from 1,789 a year earlier. The stock rose 1.5% in premarket trading.
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