All factors
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Strike or labour action

πŸ”§ Product
β–Ό Usually bearish

Workers strike, or a costly new labour agreement is signed.

Typical size

1-8%

Timeframe

Duration of the action; cost effects are permanent

Evidence

2 logged events

Why it moves the price

Halts or slows production immediately, and a settlement permanently raises the cost base across the whole workforce.

What separates a good call from a naive one

Reactions are often smaller than expected because strikes are well telegraphed and lost production is partly recoverable. The lasting damage is in the settlement terms β€” model the wage increase across the entire workforce, not the days lost.

Measured impact

Not enough evidence yet

Every logged event is measured against real closing prices: the move from the close before the event, compared with the S&P 500 over the same window.

Next day

-1.41%

Median
-1.41%
Moved up
50% of 2
vs S&P 500
-0.90%

After 1 week

-3.92%

Median
-3.92%
Moved up
0% of 2
vs S&P 500
-2.88%

After 1 month

-9.55%

Median
-9.55%
Moved up
0% of 2
vs S&P 500
-9.29%
Textbook view:β–Ό Usually bearishtypically 1-8%

No measured verdict yet β€” 2 events logged. Three or more are needed before the data says anything useful.

The evidence (2)

Every row is a real event, measured against actual closing prices.

DateStockWhat happenedNext day1 week1 monthvs S&P
Sep 13, 2024BA

Machinists union began a strike, halting commercial aircraft production

-3.69%-5.03%-7.22%-4.21%
Sep 15, 2023GM

UAW began targeted strikes at multiple assembly plants

+0.86%-2.82%-11.88%+2.41%

Measured from historical closing prices. Past reactions do not guarantee future ones. Not financial advice.