Stock Market Live December 4: S&P 500 (VOO) Gains on Lighter Regulation for Carmakers

This nonfiction volition beryllium updated passim the day, truthful cheque backmost often for much regular updates.

The Vanguard S&P 500 ETF (NYSEMKT: VOO) opened 0.1% higher connected Thursday arsenic it attempted to drawstring unneurotic a 3rd consecutive time of gains. Investors learned yesterday that President Donald Trump volition easiness regularisation successful the automotive sector, proposing relaxed "CAFE" substance ratio standards for the nation's automakers, successful an effort to marque cars and trucks much affordable to consumers -- and thereby goose income successful the important automotive sector.

And the system could surely usage the help. A caller study from Challenger, Gray & Christmas shows U.S. employers announced much than 1 cardinal occupation cuts done the extremity of November. The steadfast cited firm restructuring, artificial intelligence, and tariffs arsenic each factors contributing to occupation losses.

Current instrumentality requires companies specified arsenic Ford (NYSE: F) and Stellantis (NYSE: STLA) (the CEOs of some companies lasting with the President arsenic helium made his announcement) to execute an mean of 50 miles-per-gallon substance ratio crossed their rider car and airy motortruck fleets by 2031. Trump's connection is to slash that people to conscionable 34 mpg.

Investors whitethorn beryllium hoping the lighter regularisation volition win successful accelerating the system agelong term, astatine the aforesaid clip arsenic a anemic jobs marketplace encourages the Federal Reserve to chopped involvement rates erstwhile it meets adjacent week. And that could boost the banal marketplace successful the shorter term.

Ford, General Motors (NYSE: GM), and Stellantis stocks are each up this morning, by the way, with Stellantis gaining astir of each -- up much than 4%.

• President Trump proposes cutting CAFE substance ratio standards by 33%.

• Challenger, Gray & Christmas warns U.S. employers person laid disconnected 1 cardinal workers this year.

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Grocer Kroger (NYSE: KR) bushed net by 2 cents this morning, reporting Q3 nett of $1.05 per share. Sales came successful weaker than expected though, astatine $33.9 billion. Kroger besides guided little than Wall Street was expecting done the extremity of fiscal 2025, saying it volition extremity up earning lone $4.75 to $4.80 this year.

At the midpoint, that's little than the $4.79 Wall Street wants to see, and Kroger banal is down much than 4%.

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