Auto Stocks Surge After Weak Sales
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General Motors Corp. GM.N on Thursday  led a late-day rally in auto stocks, one day after the world's  largest automaker posted dismal U.S. sales results for August  and cut vehicle production.
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General Motors posted a surprise sales gain in August, bucking an industry trend of weak auto sales in the period, and helping domestic brands to recapture a majority of U.S. sales.
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Demand for passenger cars amid high gas prices drove U.S. sales increases in May for General Motors Corp., Toyota Motor Corp. and Nissan Motor Co. as industrywide sales rebounded slightly from a weak spring.
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US auto sales rose 2.2 percent in October as Toyota Motor Corp. and Nissan Motor Co. led Asian automakers to a record 35.9 percent market share.
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U.S. stocks surged ahead on Friday,  boosted by a rise in cigarette makers after a favorable court  ruling and a weaker-than-expected jobs report that eased  concerns about faster interest-rate hikes.
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Retail sales, helped by sizzling activity in auto showrooms, jumped by 1.2 percent in December, providing a solid finish to a year in which sales climbed at the fastest pace this decade.
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The housing sector is in a funk, auto sales are weak, and manufacturing jobs are drying up. So why were Friday's employment numbers surprisingly strong?
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Money flooded back into stocks this week as investors embraced a swift end to the presidential election, strong corporate earnings and good economic news.
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Auto supplier&#39;s shares rise after it says it will sell more companies that aren&#39;t market leaders. By Jeff Green and Jeff Bennett / Bloomberg News.
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Stocks opened higher on Wednesday,  bouncing back after the prior session&#39;s sell-off, as investors  snapped up beaten-down financial shares.
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Stocks bobbed higher Monday morning after two sessions of heavy selling driven by surging oil prices and a disappointing employment report.
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By George Chamberlin , Daily Transcript Financial Correspondent. Stocks rallied sharply Wednesday for the second consecutive session.
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European shares edged higher early on  Thursday, with auto stocks leading the way after France's  Renault posted a 4.2 percent rise in global sales last year.
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Stocks jumped on Thursday as a global rebound in equity markets gave investment banks a lift and U.S. retailers' posted generally strong monthly sales, stemming some concerns about the health of the U.S. economy.
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U.S. stocks turned positive on  Wednesday morning after oil inventories rose unexpectedly last  week, prompting a sharp drop in oil prices.
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Demand for Volkswagen and Audi vehicles helped VW sell more than three million cars in the first two quarters of this year.
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European shares edged higher early on Thursday, with auto stocks leading the way after France's Renault posted a 4.2 percent rise in global sales last year.