All three U.S. stock indices started off the second half of the year in the green, with the S&P 500 and Nasdaq closing at record highs. Manufacturing index unexpectedly fell last month from 55.4 to 55.3, while experts expecting an increase to 55.8. On the bright side manufacturing expanded for the 13th straight month, but the pace of growth slowed down. Auto sales reported mixed results in June. Ford (F) sales fell, General Motors (GM) ended barely even, and Chrysler sales surged.
Word on the Street
- Nasdaq and S&P 500 post 6th straight quarter of gains.
- Is the stock market overheating?
- An unexpected dip in manufacturing activity occurred in June.
- Twitter (TWTR) names new CEO, Anthony Noto.
- Will history repeat itself? July is the time to own stocks.
- Which are the 5 hottest stock markets in the world?
- Five stocks to watch in July.