- October 1, 2021
- Posted by: Stratford Team
- Category: Business
S&P 500 fell 4.8% in September, worst month since March 2020
Stocks are closing out September with their worst monthly loss since the beginning of the pandemic. The S&P 500 ended the month down 4.8%, its first monthly drop since January and the biggest since March 2020. After climbing steadily for much of the year, the stock market became unsettled in recent weeks with the spread of the more contagious delta variant of COVID-19, a sudden spike in long-term bond yields and word that the Federal Reserve may start to unwind its support for the economy. The S&P 500 fell 1.2% Thursday. It’s still up 14.7% for the year.
Union jobs? Ford’s plan for new EV factories raises question
NASHVILLE, Tenn. (AP) — Ford’s blockbuster announcement this week that it would build four vast new factories in Kentucky and Tennessee by 2025 and hire nearly 11,000 workers raised a big unanswered question: Just how good will those jobs be? No one — not Ford, not the…