U.S. Stocks rise for second day due to strong auto sales and tech sector

Wall Street jumps for second day; automakers, tech gain




Today – Wednesday 4th August 2013

  • U.S. stocks rose, led by automakers and technology companies, Ford and General Motors had strong sales. Japanese rivals Toyota Motor (TM) and Nissan (NSANY) also reported large sales gains, putting the industry on pace for a 16-million annual sales rate for the first time since before the recession started in late 2007. Thus bringing optimism into the market with improving auto sales.
  • From the technology sector Apple helped boost the market as investors have for the release of the new iPhone next Tuesday.
  • Investors are still following the Syrian issue, as it was announced today the Senate Foreign Relations has approved to go into Syria with LIMITED MILITARY ACTION. It now has to go to the Senate.

Categories: Equity Capital Markets

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