Stocks end mixed after bear market fears and rate hikes
U S stocks closed mixed after a volatile session as the Dow fell into bear market territory and the Nasdaq posted a small gain. Investors weighed slower growth, elevated inflation, and the Federal Reserve's aggressive rate path ahead of October earnings.
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Union thaws rail contract. broader strike risk remains
A tentative five year deal granting 24 percent pay raises and 5000 bonuses was reached with freight rail unions but a wider strike remains possible if any of the 12 unions reject across the industry. Delays to walkouts until December reduce near-term disruption while Congress may intervene to avert a system-wide halt.
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