Ever after much better than expected october sales. For the month, the annualized sales rate was nearly 18. 25 million, the second straight month above 1 million and the only other time that has happened was 15 years ago. Phil lebeau has more on the red hot sales and why the factors driving it arent slowing down. Americans are buying new cars and trucks at a pace we havent seen since early 2000 with almost every automaker posting better than expected sales. Driving the busy october, a powerful combination of low gas prices making trucks and suvs more attractive and low financing rates making Monthly Payments more affordable. Throw in relatively strong Consumer Confidence and you see why Many Americans decided to buy a new vehicle last month. Cars are affordable. Employment figures support it. And the industrys building the best and safest cars with the most Innovative Technology so were very excited and bullish. The exceptionally strong sales mean Auto Assembly plants will continue bui
Ever after much better than expected october sales. For the month, the annualized sales rate was nearly 18. 25 million, the second straight month above 1 million and the only other time that has happened was 15 years ago. Phil lebeau has more on the red hot sales and why the factors driving it arent slowing down. Americans are buying new cars and trucks at a pace we havent seen since early 2000 with almost every automaker posting better than expected sales. Driving the busy october, a powerful combination of low gas prices making trucks and suvs more attractive and low financing rates making Monthly Payments more affordable. Throw in relatively strong Consumer Confidence and you see why Many Americans decided to buy a new vehicle last month. Cars are affordable. Employment figures support it. And the industrys building the best and safest cars with the most Innovative Technology so were very excited and bullish. The exceptionally strong sales mean Auto Assembly plants will continue bui
Missed it. The dow ended with a piddling 0. 2 decline. Not much at all. But between the bells, it swung. 425 points from peak to troll in a wide volatile trading session. At one point, up 282. At another, down 143. For the First Time Since 2009 the dow moved from being up 1. 6 to ending negative on the day. Pick your reasons for the volatility. The bulls Earnings Report yesterday. Some solid chinese trade but then the bears took over on trouble technicals. Word that germany may be bulking by europes central bank and of course oil. It resumed its problematic slide today as brent crude briefly traded at parody with domestic oil. Heres how the major averages ended the day and again, those numbers deceived. The dow closed 25 points lower and nasdaq 3 and s p 500 off by a mere 5 points. U. S. Oil closed 18 cents lower at 45. 89 a barrel and actually it turned positive in afterhours trading for a while. Brandt closed at 46. 59 a barrel. In the bond market the yield on the benchmark ten year
Missed it. The dow ended with a piddling 0. 2 decline. Not much at all. But between the bells, it swung. 425 points from peak to troll in a wide volatile trading session. At one point, up 282. At another, down 143. For the First Time Since 2009 the dow moved from being up 1. 6 to ending negative on the day. Pick your reasons for the volatility. The bulls Earnings Report yesterday. Some solid chinese trade but then the bears took over on trouble technicals. Word that germany may be bulking by europes central bank and of course oil. It resumed its problematic slide today as brent crude briefly traded at parody with domestic oil. Heres how the major averages ended the day and again, those numbers deceived. The dow closed 25 points lower and nasdaq 3 and s p 500 off by a mere 5 points. U. S. Oil closed 18 cents lower at 45. 89 a barrel and actually it turned positive in afterhours trading for a while. Brandt closed at 46. 59 a barrel. In the bond market the yield on the benchmark ten year
Good evening, everyone, on this christmas eve. Im suzy. Tyler is off tonight. So it looks like santa srted his rounds a little early today. Stocks edged higher thanks to some encouraging data about manufacturing and housing and well have more on both those topics in just a few minutes. Traders called todays gains the start of a socalled santa claus rally. Thats when stocks rise in the final five trading sessions of the year and on wall street thats a bullish signal for the new year. Today investors and traders spread a little Holiday Cheer to each of the major averages. The dow and the s p posted new alltime highs and the nasdaq had its best close in more than 13 years. The dow rose another 63 points. The nasdaq was up 6. And the s p adde5 points. Over in the bond market, worries about whether the Federal Reserve would taper its stimulus and cause a sharp spike in Interest Rates has been a big headache for bond investors. Just ahead of the feds taper announcement last week, investors i