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Category Archives: Auto Sales
Buoyed by some positive economic numbers from the U.S. and China, global stocks started off the third quarter strongly higher on Tuesday.
U.S. auto sales easily beat market projections in May, climbing 5% above April’s sales rate and 8% better than the May 2013 level, according to Ward’s Automotive. Sales of cars and light trucks reached a seven-year high in May, some … Continue reading
Stocks began the second quarter much as they ended the first, closing higher, with the S&P 500 reaching another new record. The index closed up 0.7% at 1885.52, with eight of its 10 sectors rising, led by consumer discretionary stocks, … Continue reading
Economic reports out on Monday were generally positive, but Russia’s invasion of Ukraine had investors went scurrying for safety, sending the Dow Jones Industrials down 154 points or 0.9%.
U.S. stocks sank more than 2% Monday, their worst decline since last June, as a couple of economic reports showed slowdowns in manufacturing and auto sales last month.
The profit taking (or incipient pessimism) that took stocks lower on the first day of 2014 proved difficult to shake on the day two of trading in the new year.
U.S. stocks declined for a third day, as the Dow lost 94 points or 0.6% Tuesday.