- While there are pockets of strength in the U.S. stock market following the GOP sweep, the automobile sector is deeply rattled by the results. Concerns on trade wars and higher tariffs are impacting trading.
- General Motors (GM -4.1%) and Kandi Technologies (KNDI -10.1%) are down sharply on the manufacturing side, while suppliers Delphi Automotive (DLPH -7.2%), Lear Corp. (LEA -6.5%), Motorcar Parts of America (MPAA -5.8%), BorgWarner (BWA -4.5%), Tenneco (TEN -3.4%), and Visteon (VC -3.5%) are also showing weakness.