Friday, Aug 26, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Stocks move higher as auto sales increase

NEW YORK — Stocks closed higher on Wall Street today after automakers reported strong sales gains.

The Dow Jones industrial average rose 96 points, or 0.7 percent, to close at 14,930 points today.

The Standard & Poor’s 500 index rose 13 points, or 0.8 percent, to 1,653 and the Nasdaq composite rose 36 points, or 1 percent, to 3,649.

General Motors and Ford both rose sharply after reporting big sales increases last month. August was the best month for auto sales in six years.

Technology companies also climbed. Apple gained $10.11, or 2 percent, to $499.698 after Cantor Fitzgerald initiated coverage of the company with a “buy” rating.

Two stocks rose for every one that fell on the New York Stock Exchange. Trading volume was about average at 3.2 billion shares.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…