GM Sinks 5% as Record Diesel and 5% Treasury Yields Squeeze Truck Demand
GM sits 51% above its 52-week low of $54.33.
Summary
GM shares fell 5.2% Friday, the worst session since July 2025, erasing Thursday's 3.6% gain and dragging the stock to late-July levels. The decline is driven by record diesel prices above $6.30 a gallon after a drone strike on Saudi Arabia's East-West pipeline, and the 10-year Treasury yield touching 5.04% — the highest since 2007 — following the Fed's first rate hike since 2023. Both factors directly pressure GM's core truck and SUV business, which relies on diesel fuel and financing. Ford fell 2.9% in sympathy, confirming the sector-wide nature of the move. This is the second consecutive weekly loss for GM, down roughly 4% on the week. The macro shock compounds an already challenging backdrop following the $6 billion EV capacity reduction charge announced in July.
At the time of this announcement, GM was trading at $81.92 on NYSE in the Manufacturing sector, with a market capitalization of approximately $71.9B. The 52-week trading range was $54.33 to $91.85. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.