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US stocks rise with Dow Jones up 0.57% and NASDAQ climbing 0.69%. GM reports strong Q2 results and Utz Brands announces acquisition. Oil and gold up.
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J.B. Hunt’s profit warning and record diesel prices are putting transportation ETFs under pressure. Here’s how XTN, IYT and FTXR compare on trucking exposure.
Hybrid vehicles reached 16% of U.S. light-duty vehicle sales in Q2 2026 as battery electric vehicles fell to 6%, driven by expired EV tax credits, lower hybrid costs, and charging infrastructure concerns. Toyota, Honda, and Hyundai Motor Group control 86% of the hybrid market. This shift is expected to benefit automotive ETFs holding traditional automakers, with hybrids projected to capture 34% of market share by 2030.
Hybrid sales are rising as gas prices climb, but GM has few models to offer while Toyota and Honda gain ground.
Ford Motor Company announced a $1 billion investment in a new state-of-the-art paint shop at its Kentucky Truck Plant, with construction expected to begin by year-end. This investment adds to Ford's recent $2 billion commitments for EV platform transformation at Louisville Assembly Plant and battery energy storage systems production in Glendale, reinforcing its long-term manufacturing presence in Kentucky.
RH shares jumped 8.2% premarket after EPS beat estimates despite a revenue miss; Oracle and others gained, while OPTT and ZUMZ fell.
Gainers Innovate (NYSE:VATE) shares rose 60.6% to $11.9 during Friday's regular session. The company's market cap stands at $101.0 million. As per the news, the Q2 earnings report came out yesterday. Manitowoc