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Benzinga
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Verint Systems Posts Downbeat Results, Joins Nio, General Motors And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

1. GM shares fell 6.8% to $47.50 in pre-market trading. 2. A 25% tariff was imposed on foreign-made automobiles. 3. The tariff is justified by threats to national security. 4. Ford Motor Company also declined due to the same tariff. 5. Mixed U.S. stock futures influenced the overall market environment.

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FAQ

Why Bearish?

Tariffs generally increase costs and affect consumer demand. Historical tariffs have depressed auto sales, impacting companies like GM and Ford.

How important is it?

Tariff news is critical for a major auto manufacturer like GM, impacting pricing strategy and production costs.

Why Short Term?

The immediate effect of the tariff is visible in pre-market trading. Investor sentiment should remain volatile as the market reacts to tariff news.

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