Stocks Jump Again on Auto Sales and Techs (AAPL, F)

Surprisingly positive auto sales and the Fed's release of the most recent Beige Book had the markets higher for another day on Wednesday. August was the best month of car sales that the US has seen in almost six years. Stocks also were up on possible action in Syria. Techs had a great day and were led by Apple (AAPL) and Intel (INTC). LinkedIn (LNKD) dropped after announcing their planned sale of 4.17 million shares of Class A stock.
The US dollar was close to a six-week high on Wednesday against a group of major currencies on all of the recent economic data. Oil settled slightly lower beneath $108 a barrel which makes it more than a one-week low.

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Published on Sep 4, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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