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S&P and NASDAQ close lower on the week after sharp declines today
S&P is out with it expectations for the UAW strike and implications. They sayWarns that if the UAW strike continues for over a week and expands, it could lead to significant reductions in earnings and liquidity in the US auto sector for 2023.Predicts a slowdown in U.S. auto sector momentum in the second half of 2023 and expects volumes to remain flat in 2024.Anticipates that a quick resolution to the UAW strike is unlikely.Expects automaker ratings to remain stable, accounting for industry volat...
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Posted: Sep 15 2023, 20:06
Author Name: forexlive
Views: 112596