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The Gazette in Medina, Ohio

17 Oct 2023

Page 16

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The Gazette October 17, 2023 Page 16 old newspaper archives

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Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Oct 17, 2023

Page

16

Stocks rise as markets shrug war worries

U S stocks rallied with the S P 500 up 1.1 percent, the Dow jumping 314 points and the Nasdaq up 1.2 percent. Treasuries yields climbed after last week’s slide amid Gaza conflict fears. Oil eased and gold fell as safer assets losing appeal. Economists say markets tend to rebound as profits and growth drive long term gains. Major S P 500 components Bank of America Johnson Johnson and Tesla report next week amid expectations of steady profits. The week ended with the S P 500 at 4373.63 the Dow at 33984.54 and the Nasdaq at 13567.98.

MENTIONED IN THIS ARTICLE

New York U.S Middle East Israel Hamas Treasury Gaza Iran Mark Hackett Nationwide Wall Street S&p 500 Bank of America Johnson & Johnson Tesla Federal Reserve FactSet Dow Industrials Dow Transportation Dow Utilities NYSE Nasdaq S&p Wilshire Russell MingZhu At&t Inc Momentu AMD MultiAuto AldegraTh Newell Br Alphabt C NextEraEn Alphabt A NiSource Amazon We Nikola Amé Airlines NokiaCp Apple Incs AvaloTh Northropg EcoBrad Nu Hidg BkofAm Nvidia OpGen Rs BetterThr OwensCorn CanopyGr Carnival Cedarf Palantir Cisco ParaZeron Citigroup PepsiCo Petrobras CleanSp Pfizer CocaCola Comcast PlugPowr PrecPhar Ericsson RPM ExxonMbl RVL Phrm FirstEngy Redhill Rs Fordm RiotBlok RiviaAu A GenElec Schwab Grabhi A Shrwin HuntBnesh Smucker Inte IBM Snapinc Ash SoFiTech Jaguars Target Kenvuen Tellurian Keycorp MedProp Wbrodisc Meta Price Wells Fargo Micromobi Rs Wendys Co Microsoft NYMX CME New York Mercantile Exchange CBOT Chicago Board of Trade Chicago Mercantile Sugar (World ICE Intercontinental Exchange Mutua Funds AmronBalAm Cptwidgrinca m CptilncBldrA_ m Fdmillavsa m Grfamrca m IncAmrcAm Invcamrcam NwPrspctvAm Wamtinvsam Baird AggrgateBdlasts Dodge & Cox Incl Dodge & Cox Fidelity Contrafund Fidelity Group Fidelity Intldxinstiprm Fidelity Vanguard DivGrinv Vanguard EqincAdmrl Vanguard Vanguard PrmCpAdmrl Vanguard Stinvmgrdadmrl Vanguard Ttbmidxadmil Doe SEC The Associated Press
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Ford executive calls end to strike essential for future

Ford Executive Chairman Bill Ford urged UAW workers to end the monthlong strike, saying high labor costs threaten investment in future vehicles and factories. He warned the economy and communities would suffer if the walkouts continue, noting Ford employs 57,000 UAW workers and faces global competition.

MENTIONED IN THIS ARTICLE

Detroit Ford Motor Co Bill Ford Dearborn Michigan Ford America Henry Ford United Auto Workers UAW Stellantis Mexico U.S United Auto Workers Union Kentucky Louisville Shawn Fain Jim Farley Rouge Fain Ford Michigan Assembly Wayne Steve Applebee Farley Applebee Carlos Hollins Hollins Crosstown General Motors Jeep Lincoln
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Rite Aid seeks Chapter 11 protection and store closures

Rite Aid filed for Chapter 11 bankruptcy to restructure and cut debt while continuing pharmacy operations and online sales. The move enables closing underperforming stores, securing $3.45 billion in fresh financing, and a planned review of about several hundred locations with workers reassigned where possible.

MENTIONED IN THIS ARTICLE

Rite Aid Rite Aid Corp Philadelphia West Virginia U.S. Justice Department CVS Walgreens Amazon Deutsche Bank George Hill U.S New Jersey Gabelli Jeff Jonas
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Also Mentioned on This Page

Stan Chee Ford Motor Company Tom Murphy and Elaine Kurtenbach the Market IN Review Dow Jones Naspaq Monheroa TPI Co Momentums Avingr Prothena MedAvail Rs
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