{"id":78671,"date":"2023-10-30T20:34:48","date_gmt":"2023-10-31T00:34:48","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/gms-stock-bounces-of-more-than-3-year-low-after-report-of-tentative-deal-reached-with-uaw-to-end-strike\/"},"modified":"2023-10-30T20:35:02","modified_gmt":"2023-10-31T00:35:02","slug":"gms-stock-bounces-of-more-than-3-year-low-after-report-of-tentative-deal-reached-with-uaw-to-end-strike","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=78671","title":{"rendered":"GM\u2019s stock bounces of more than 3-year low after report of tentative deal reached with UAW to end strike"},"content":{"rendered":"
\n

Shares of General Motors Co.
\n GM,
\n +0.51%<\/bg-quote>
\n bounced 1.2% off a 3 1\/2-year low in morning trading Monday, after CNBC reported that the automaker reached an tentative deal with the United Auto Workers that would end the six-week long labor strike. The report comes a day after the UAW widened its strike against GM, as the Associated Press reported, hours after a tentative deal was reached with fellow Big 3 automaker Stellantis N.V.
\n STLA,
\n -0.22%<\/bg-quote>
\n and about a week after Ford Motor Co.
\n F,
\n -1.91%<\/bg-quote>
\n also reached a deal. CNBC reported that the UAW\u2019s 4 1\/2-year agreement with GM includes a 25% wage increase, including a 68% increase in starting hourly wages to $28 an hour. and UAW didn\u2019t immediately respond to a request for comment. The stock, which closed Friday at the lowest price since Aug. 7,. 2020, has tumbled 28.1% over the past three months while the S&P 500
\n SPX,
\n +1.20%<\/bg-quote>
\n has shed 9.2%.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of General Motors Co. GM, +0.51% bounced 1.2% off a 3 1\/2-year low in morning trading Monday, after CNBC reported that the automaker reached an tentative deal with the United Auto Workers that would end the six-week long labor strike. The report comes a day after the UAW widened its strike against GM, as […]<\/p>\n","protected":false},"author":1,"featured_media":78672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-78671","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nGM\u2019s stock bounces of more than 3-year low after report of tentative deal reached with UAW to end strike | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of General Motors Co. 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