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UAW strike stirs stock-market worries over corporate margins

Por: MarketWatch Business September 16, 2023

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The UAW set up picket lines shortly after midnight, striking all three big automakers — Ford Motor Co. , General Motors Co. and Chrysler owner Stellantis NV — at the same time. Workers walked out of a Ford factory in Michigan, a Stellantis Jeep factory in Ohio and GM pickup factory in Missouri, leaving scope for further action at other facilities. Stocks slumped Friday, with the S&P 500 down 1.1%, and turning fractionally lower for the week.... + full article



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