Barra highlighted GM's flexibility to respond to fluctuations in market demand and said that the company has two factories that can switch between internal combustion engines and EVs as demand changes. She also pointed out that GM's flagship Factory ZERO can switch between EV models to respond to changing market conditions.
The CNN Money Fear and Greed index showed some decline in the overall market sentiment, with the index moving to the "Greed" zone on Tuesday.
U.S. stocks closed mixed on Tuesday, ahead of the Federal Reserve’s interest rate decision. The Fed will announce its policy decision today, with markets expecting the central bank to keep rates unchanged.
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling more than 100 points on Tuesday.
The Dow traded up 0.23% to 38,421.03 while the NASDAQ fell 0.88% to 15,490.48. The S&P 500 also fell, dropping, 0.12% to 4,921.94.
Shares of United Parcel Service, Inc. (NYSE: UPS) fell sharply during Tuesday’s session after the company reported worse-than-expected fourth-quarter sales results and issued FY24 sales
Following GM's better-than-expected fourth-quarter financial results, Wedbush analyst Dan Ives kept an Overweight rating on the stock, noting that he anticipates renewed Street confidence moving forward.