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Manufacturing Index Fell Slightly in June; Stocks Off to a Strong Q3 Start

By: , dated July 1st, 2014
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.

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