NEW YORK, NY / ACCESSWIRE / June 28, 2017 / U.S. markets continued to slide Tuesday as a vote on health care legislation was delayed by Republicans in the Senate and losses by the technology sector deepened. The Dow Jones Industrial Average declined 0.46 percent to close at 21,310.66, while the S&P 500 Index dropped 0.81 percent to close at 2,419.38. The tech-heavy Nasdaq Composite Index fell 1.61 percent to close at 6,146.62. Republican Senate leaders have delayed a vote on the new health-care bill designed to replace Obamacare until after July the 4th.

"The week ahead may have a lot to say about the success of the Trump administration's proposed legislative agenda, and the market's reaction to it," said David Joy, Chief Market Strategist at Ameriprise Financial. "While the delivery of health care is of vital social importance, for investors the more important legislative initiative remains tax reform. But to get there, the administration must work through health care first so that its impact on the budget can be determined."

RDI Initiates Coverage on:

Ford Motor Company
https://ub.rdinvesting.com/news/?ticker=F

General Motors Company
https://ub.rdinvesting.com/news/?ticker=GM

Ford's shares declined 0.89 percent to close at $11.08 a share on Tuesday. The stock traded between $11.06 and $11.20 on volume 28.49 million shares traded. The company reported total sales were 241,126 vehicles the U.S. for the month of May, an increase of 2 percent year-over-year. Ford brand SUVs set a May record, with 74,910 vehicles sold. Shares of Ford Motor Company have fallen approximately 8.66 percent year-to-date.

"May marked a standout month for Ford brand SUVs, with a May record 74,910 SUVs sold. Plus, we continued to see strong F-Series performance, with sales and share rising this year, along with average transaction pricing. In May, overall F-Series sales were up double digits and transaction prices grew $3,300 per truck," commented Mark LaNeve, Ford's Vice President, U.S. Marketing, Sales and Service

Access RDI's Ford Motor Company Research Report at:
https://ub.rdinvesting.com/news/?ticker=F

General Motors' shares declined 0.90 percent to close at $34.21 a share on Tuesday. The stock traded between $34.01 and $34.50 on volume 11.68 million shares traded. The company now forecasts 2017 new vehicle sales in the U.S. to be in the "low 17 million" range, down from previous guidance of a "mid-17 million" range. New vehicle sales in the U.S. reached a record of 17.55 million units in 2016. Shares of General Motors have fallen approximately 1.81 percent year-to-date.

"The market is definitely slowing its something we are going to monitor month to month," GM's Chief Financial Officer, Chuck Stevens, told analysts on a conference call. "Pricing is more challenging."

Access RDI's General Motors Research Report at:
https://ub.rdinvesting.com/news/?ticker=GM

Our Actionable Research on Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com