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Why Auto Stocks Underperformed the Broader Market Last Week

Why Auto Stocks Underperformed the Broader Market Last Week

Last week (ended June 22), the broader market continued to trade on a mixed note, and the S&P 500 fell 0.9%. In the past few weeks, US trade tension with China, the European Union, and Canada has escalated after Donald Trump imposed new tariffs, which may be why auto stocks have underperformed the broader market. Let’s take a closer look.