GM is the only Big Three automaker without a UAW deal.These are grim times for the S&P 500. The benchmark index is now more than 10% off its high for the year, joining the Nasdaq in correction territory, and it's on its way to a third consecutive month in the red, which it hasn't done since 2020. Whether things can turn around will depend a lot on some major developments this week.
– to a deal with the United Auto Workers that would end a six-week targeted strike. Instead, surprising many, it wasin achieving a tentative agreement with the union. Instead, the UAW expanded its targeted strikes at GM to an assembly plant in Spring Hill, Tennessee. We'll see if that will push things over the finish line for the company. By the way, Stellantis isn't quite out of the woods yet. Canadian union Unifor calledat different times and locations across the country.
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