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Why Auto Stocks Are Outperforming the Market

John Parker
Updated
Why Auto Stocks Are Outperforming the Market

Last week (ended June 8), the broader market traded positively, and the S&P 500 rose 1.6%. On June 9, Donald Trump tweeted about the possibility of raising US tariffs on automobile imports from Canada. Nonetheless, auto stocks continued to inch up on June 11, supported by the broader market rallying ahead of the US-North Korea summit in Singapore. Continued strong US demand for trucks and SUVs and a recent decline in crude oil prices could be some other factors driving optimism toward auto stocks in June. Let’s take a closer look.

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