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Stocks are on track for a losing week as we enter Friday. The three major U.S. indices are all coming off a particularly rough day Thursday, as well, with both the Nasdaq and the S&P 500 shedding more than 1%, and the Dow falling 250 points. The market is chewing over key earnings from, while gearing up for another slew of quarterly results next week.
It's been an eventful week for Ford. The company was the first of the Detroit Three automakers to strike a deal with the United Auto Workers Union, ending a nearly six-week work stoppage that cost it $1.3 billion. Then came. While the company swung to a profit in the third quarter, its cost and quality struggles were still apparent. Then there's the electric-vehicle business, which chalked up a $1.33 billion loss during the third quarter.
U.S. forces launched airstrikes in Syria, targeting areas that officials said were used by Iran's Revolutionary Guard. U.S. Defense Secretary Lloyd Austin said the"narrowly targeted" attacks were made in self defense out of retaliation for attacks on American forces in the region. The move comes with the Middle East nearing a boiling point. Israel's government debates launching a ground invasion of the Gaza Strip as a respose to Hamas' Oct. 7 terrorist attacks.
– CNBC's Lisa Kailai Han, Annie Palmer, Michael Wayland, John Rosevear, Katrina Bishop, Ruxandra Iordache and Reuters contributed to this report.
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