Ford to Take $19.5 Billion Charge as SpaceX Begins IPO Advisory Process

Shares of industrial and transportation companies rose amid optimism before delayed jobs data. J.D. Joyce of Joyce Wealth Management stated that upcoming jobs and inflation data will clarify the economic growth outlook and interest rates.

New York state's manufacturing unexpectedly contracted in December after a peak in November. SpaceX is starting to select Wall Street bankers for its IPO advisory. German defense contractor Rheinmetall reported that the Netherlands ordered multiple Skyranger 30 air defense systems, scheduled for delivery between late 2028 and 2029. Ford Motor anticipates $19.5 billion in charges, primarily related to its electric vehicle business, as the company adjusts to declining EV demand.