Stock Market Financial News, Investing & Trading: Ford, Fiat and Other Car Sales Help November Stocks
Stocks are higher Tuesday after November auto sales reports came in better than expected, according to investors.
Ford, General Motors and Fiat Chrysler all reported better than expected sales for the month of November, CNBC reports.
Ford (F) shares are up about 0.7 percent to hover near the $16 per share price.
General Motors shares are up over one percent at about $33.30 per share in late afternoon trading.
Fiat Chrysler shares are up almost 3 percent and have broke past the $13 per share price Tuesday.
"Despite some weakness in consumer confidence, people are still spending money," David Lebovitz, global market strategist for J.P. Morgan Funds, told CNBC.
Some analysts point to a stronger economy when looking at the strong November sales numbers.
Meanwhile, tech stocks on the move include RadioShack, Apple, Verizon and Yahoo.
RadioShack shares were down over 18 percent in late afternoon trading and are trading at about $0.64 per share. The electronics retailer has been trying to compete with big box retailers like Best Buy, Wal-Mart and online retailer Amazon.
Apple had an awful Monday on Wall Street but is settling to a more flat Tuesday. Monday saw shares falling, and then at the opening bell on Tuesday they were all the way down to $113.49. In late afternoon trading, Apple shares are trading at about the $114.65 range.
Verizon shares are down over 1.5 percent Tuesday. After a nice increase on Friday, shares of Verizon have steadily sunk down to the below $50 mark.
Yahoo shares are up by about 1.3 percent and are nearing their 52 week high of $52.62.
Some analysts are suggesting investors should start selling some of their shares now, Forbes reports.
The Dow Jones Industrial Average is up over 90 points or a little over 0.5 percent to the 17,841.26 mark. It is getting closer to 18,000 and is continuing to set records.
What do you think about stocks? Which companies do you own? Leave us a comment below and let us know.
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