Arab Today, arab today us stocks rise on strong auto sales
Last Updated : GMT 15:43:40
Arab Today, arab today
Arab Today, arab today

US stocks rise on strong auto sales

Arab Today, arab today

Arab Today, arab today US stocks rise on strong auto sales

New York - AFP

Wall Street stocks jumped Wednesday after surging US auto sales pointed to robustness in the manufacturing sector. The Dow Jones Industrial Average rose 96.91 (0.65 percent) to 14,930.87. The broad-based S&P 500 added 13.31 (0.81 percent) at 1,653.08, while the tech-rich Nasdaq Composite Index increased 36.43 (1.01 percent) to 3,649.04. Investors were cheered by August double-digit auto sales gains from GM, Toyota, Ford and Chrysler. \"We\'re seeing some strength in the manufacturing sector,\" said Alan Skrainka, chief investment officer for Cornerstone Wealth Management. A positive regional economies survey from the Federal Reserve described US economic growth as still \"modest to moderate\" since July. The report showed consumer spending and manufacturing has risen in most of the 12 regions in the US and said job creation was steady or improving. The market gains also came despite continued edginess in the markets over the prospects of a US military strike on Syria. On Wednesday, President Obama reiterated the need for a global response on Syria as a US Senate panel approved a resolution authorizing US military intervention. Ford advanced 3.5 percent after reporting its best retail sales month since August 2006. Total sales increased 12 percent from August 2012. General Motors surged 5.0 percent after retail sales jumped 22 percent year-on-year, notching the best performance since September 2008. Technology giant Apple gained 2.1 percent after it set September 10 for an event that is expected to be the unveiling of its new iPhone line, which could include a range of colors and a low-priced version. According to reports Apple also plans a media event in China on September 11. Pipeline and energy infrastructure company Kinder Morgan fell 6.0 percent after Jefferies initiated coverage with a \"hold\" recommendation. Jefferies expressed concern that high capital spending for maintenance could crimp dividend payouts. LinkedIn shed 2.9 percent after announcing it planned a public offering of about $1 billion worth of shares. The funds will go to general corporate purposes and international expansion. Discount retailer Dollar General gained 4.7 percent after earnings bested expectations by three cents per share at 77 cents. Same-store sales growth reached 5.1 percent in the quarter. Bond prices dropped. The yield on the 10-year Treasury rose to 2.90 percent from 2.85 percent Tuesday, while the 30-year increased to 3.80 percent from 3.78 percent. Prices and yields move inversely.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks rise on strong auto sales Arab Today, arab today us stocks rise on strong auto sales

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks rise on strong auto sales Arab Today, arab today us stocks rise on strong auto sales

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday