The United Auto Workers union went on strike against the "Big Three" ꦕautomakers and Arm shares gained after jumping nearly 25% in its first day of trading. Here’s what investors൲ need to know today.

1. UAW Goes on Strikes Against Big Three Auto♚makers

For the first time, the United Auto Workers union initiated a simultaneous s🙈trike against the Big Three Detroit car companies, with nearly 12,700 workers planning to stop working at targeted facilities. Strikes began after midnight at Ford’s (F) Bronco plant in Detroit, a Stellantis (STLA) Jeep factory in Toledo, Ohio, and a General Motors (GM) pickup plant in Missouri. Shares of Ford and GM fell 1.5% while Stellantis gained 0.6% in pre-market trading.

2. Arm Shares Rise After Successful IPO

Shares of Arm Holdings (ARM) were up nearly 5% in pre-market trading after the British chip designer’s 澳洲幸运5官方开奖结果体彩网:initial public offering was a success, with 澳洲幸运5官方开奖结果体彩网:shares rising close to 25% in the company’s first day of trading. Arm shares closed yesterday's session at $63.59, lifting Arm's 澳洲幸运5官方开奖结果体彩网:market capitalization over $65 billion.

3. Used Car Retailers Carvana, CarMax Gain as Auto Workeℱrs Stri💧ke

Shares of used car retailers climbed as negotiations between auto workers and 澳洲幸运5官方开奖结果体彩网:Detroit car makers stalled. Carvana (CVNA) shares gained 0.7% in pre-market trading after surging more than 13% in the prior session, while CarMax (KMX) shares were unchanged in the pre-market after a 4% gain yesterday.

4. Adobe Earn𝔍ings, Revenue Beat Estima💫tes on New AI Tools

Content creation software Adobe (ADBE) posted earnings that were slightly ahead of analyst estimates as it promoted a new suite of 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) tools for its products. For the quarter ended in September 1, Adobe reported revenue of $4.89 billion, a 10% increase over the same quarter last year and above analyst estimates of $4.87 billion, while its adjusted earnings of $4.09 a share was better than analyst calls of $3.98 a share. Adobe shares fell 2% in pre-market trading.

5. Preliminary Michigan Consumer Sentiment Reading Expecไted to Show Decline

The preliminary September reading of the 澳洲幸运5官方开奖结果体彩网:Michigan Consumer Sentiment Index is projected to show a drop to 69.2 from 69.5 a month prior when it is released at 10 a.m. ET. U.S. import prices are forecast to have grown 0.3% in August, compared with 0.4% in July, when that data is released at 8:30 a.m. ET, while at 10 a.m. ET, August’s industrial production is expected to increase 0.2%, down from July’s 1% increase.