September S&P 500 futures (ESU23) are down -0.14%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.28% this morning as investors watched for fallout from a strike initiated by the United Auto Workers union, with the focus now shifting to the Federal Reserve’s interest-rate decision scheduled for next week.
The United Auto Workers launched an unprecedented strike against the “Detroit Three” on Friday after negotiations over union demands faltered and the employees’ four-year contracts with the companies expired at midnight. As a result, Ford Motor Company (F) fell over -2%, and General Motors Company (GM) dropped more than -1% in pre-market trading.
