Fed's Goolsbee Says Worries Big Auto Strike Would Hit U.S. Factories Hard
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee expressed concerns that a major auto strike could significantly impact U.S. factories. The article potentially mentions Ford (F), General Motors (GM), SPDR S&P 500 ETF Trust (SPY), and Stellantis (STLA).
August 25, 2023 | 6:10 pm
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NEGATIVE IMPACT
A major auto strike could disrupt Ford's production, potentially affecting its stock price.
Ford, being a major auto manufacturer, could face significant disruptions in its production if a major auto strike occurs. This could lead to delays in deliveries and reduced revenues, potentially affecting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
General Motors could face production disruptions and potential stock price impact due to a major auto strike.
General Motors, as a major auto manufacturer, could face significant disruptions in its production if a major auto strike occurs. This could lead to delays in deliveries and reduced revenues, potentially affecting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust could be indirectly affected by a major auto strike due to its holdings in auto companies.
The SPDR S&P 500 ETF Trust, which holds positions in major auto companies, could be indirectly affected by a major auto strike. If the strike leads to a significant disruption in the auto industry, it could potentially affect the overall performance of the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Stellantis could face production disruptions and potential stock price impact due to a major auto strike.
Stellantis, as a major auto manufacturer, could face significant disruptions in its production if a major auto strike occurs. This could lead to delays in deliveries and reduced revenues, potentially affecting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75