{
  "$type": "site.standard.document",
  "description": "After plummeting global markets overnight, the New York Stock Exchange is setting itself up for a very bad Monday. That includes automotive stocks, which drive much of the economy. We already know Audi and Jaguar are holding up shipments because",
  "path": "/news/tracking-orange-monday/",
  "publishedAt": "2025-04-07T14:19:39+00:00",
  "site": "at://did:plc:2s32mlusc66sjb256aenynfc/site.standard.publication/self",
  "textContent": "After plummeting global markets overnight, the New York Stock Exchange is setting itself up for a very bad Monday. That includes automotive stocks, which drive much of the economy. We already know Audi and Jaguar are holding up shipments because of tariffs, but we expect more of that news to come.\n\n\n\nSince this day might end up in the history books, we’re going to track “Orange Monday” along with you. Be sure to refresh for the latest.\n\n\n\n\n\n\n\nApril 7th, 2025, at 4:00 PM EDT – The day wasn’t as bad as originally predicted. Here’s how the automotive stocks fared during the regular trading day.\n\n\n\n\nGeneral Motors (GM) – $43.53, down $0.65 (1.47%)\n\n\n\nFord (F) – $9.24, down $0.34 (3.55%)\n\n\n\nStellantis NV (STLA) – $9.26, down $0.46 (4.73%)\n\n\n\nTesla (TSLA) – $233.29, down $6.14 (2.56%)\n\n\n\nRivian (RIVN) – $11.21, unchanged\n\n\n\nHonda Motor Company (HMC) – $25.34, up $0.34 (1.36%)\n\n\n\nToyota Motor (TM) – $160.32, up $1.71 (1.08%)\n\n\n\nFerrari (RACE) – $398.22, down $16.63 (4.01%)\n\n\n\nLucid (LCID) – $2.45, up $0.17 (7.46%)\n\n\n\nMagna International (MGA) – $31.54, down $0.93 (2.86%)\n\n\n\n\nThe Dow Jones Industrial Average (DJIA) finished down 349.26 points, or 0.91%. The NASDAQ was up 15.48, or 0.1%. The S&P 500 was down 0.23% or 11.83 points. Outside of automotive, Apple (AAPL) has lost $640 billion in market cap in the past three days.\n\n\n\nApril 7th, 2025, at 12:09 PM EDT – The DJIA is down around 850 points right now, and the biggest automotive loser is Stellantis (down 6.89% so far). The biggest automotive winner is Lucid, which is up around 3% this hour.\n\n\n\nApril 7th, 2025, at 11:22 AM EDT – President Trump issues a statement on his social network that if China doesn’t remove its tariffs by tomorrow, the United States will increase in tariffs of 50% on Wednesday. There will be no negotiation as Trump is terminating all talks (assuming talks were actually taking place).\n\n\n\nScreenshot: Donald Trump on Truth Social\n\n\n\nApril 7th, 2025, at 10:30 AM EDT – We’ve never seen anything like this. Ever.\n\n\n\n\nINSANE market action right now. Market exploded higher on a headline attributed to Kevin Hassett. And now nobody can figure out where it came from and the markets are diving again.An 8% surge and then a 3.5% plunge in a matter of seconds— Joe Weisenthal (@weisenthal.bsky.social) 2025-04-07T14:25:10.518Z\n\n\n\n\n\n— Dave Itzkoff (@ditzkoff.bsky.social) 2025-04-07T14:32:48.302Z\n\n\n\n\nApril 7th, 2025, at 10:25 AM EDT – Many automotive stocks are back in the red again.\n\n\n\nScreenshot: CNBC\n\n\n\nApril 7th, 2025 at 10:17 AM EDT – \n\n\n\n\nOh and a Hassett headline floating a 90-day delay for everyone but China. Holy crap.— Conor Sen (@conorsen.bsky.social) 2025-04-07T14:14:30.063Z\n\n\n\n\n\n*TARIFF LEGAL CHALLENGE COULD BE FILED AS SOON AS FRIDAY: ABC— Conor Sen (@conorsen.bsky.social) 2025-04-07T14:13:09.877Z\n\n\n\n\nApril 7th, 2025 at 10:12 AM EDT – All indexes started down, along with most of the automotive stocks. The S&P 500 had its worst three-day period since 1987. There has been some rebounding after hitting morning lows. Tesla, for example, at one point hit $215 but is now back up to nearly $250. The only stocks down at this point are Ford and Stellantis, and there are basically flat.",
  "title": "Tracking “Orange Monday”",
  "updatedAt": "2025-04-07T20:13:34+00:00"
}