U.S. stocks saw their losses accelerate on Friday following the best day for equities this month as an auto workers strike threatened to undercut U.S. economic growth while potentially contributing to inflation. What’s happening
The Dow Jones Industrial Average
DJIA
shed 196 points, or 0.6%, to 34,704.
The S&P 500
SPX
fell by 41 points, or 0.9%, to 4,464.
The Nasdaq Composite
COMP
declined by 177 points, or 1.3%, to 13,748.
On Thursday, the Dow rose 332 points, or 1%, its biggest gain in five weeks. The S&P 500 rose 0.8% for its largest one-day rise since Aug. 25, as a 25% gain by Arm Holdings
ARM,
+2.03%
in its trading debut helped boost sentiment.
What’s driving markets The start of a strike of the United Auto Workers against the Big Three U.S. automakers, Ford
F,
+0.67%,
General Motors
GM,
+1.44%
and Chrysler owner Stellantis
STLA,
+2.10%,
was receiving the bulk of the blame for driving U.S. stocks lo …
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