Saturday, Jun 25, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Stocks move higher as auto sales increase

NEW YORK — Stocks are rising after automakers reported sharply higher sales for August, putting the industry on track for its best month in six years.

Investors were keeping careful watch on President Obama’s drive to win support in Congress for a military strike on Syria.

The Dow Jones industrial average rose 108 points, or 0.7 percent, to 14,942 in shortly before noon today.

The Standard & Poor’s 500 index rose 14 points, or 0.9 percent, to 1,654 and the Nasdaq composite was up 36 points, or 1 percent, to 3,648.

U.S. automakers rose sharply. General Motors gained $1.05, or 3.1 percent, to $35.20 and Ford rose 52 cents to $16.87.

GM’s sales rose 15 percent last month, while Ford’s rose 12 percent.

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…