FORD HITS 5 YEAR LOW
Ford is hitting the brakes. The company believes that the U.S. economy, which has been at record levels throughout the last few weeks, may have finally plateaued. Ford stock is down 10% this year and has plunged 8% in the last 24 hours, its worst drop since 2011. Despite overwhelmingly positive sales last year, Ford executives have dropped their estimates for this year and will likely push them down even further for 2017. CEO Mark Fields asserted that sales were healthy, but caution was necessary.