Wall Street staged another late-day rally as investors were undeterred by a weak picture in the jobs market and retail, as well as a government move to punish bailed-out bankers.
Wall Street's stumble over weak economic trends was a short one, as investors turned an early loss into a modest gain despite disappointments in jobs and retail sales.
After the last three years and seeing scores of auto plants close down and thousands of plants shut down, it's easy to fall into the trap of thinking the auto industry is dead. Nothing could be further from the truth.
Wall Street's direction Thursday is likely to be driven — at least in the early morning — by two key economic numbers, the weekly jobless claims report and December retail sales.
Cramer highlights a less than obvious pick on this hugely popular green technology.
Stocks closed higher, pushing the Dow average to a fresh 15-month closing high, as investors bought financial, technology and pharmaceutical shares.
This car is not yet approved by the DOT for street driving, so my limited test drive was limited to an industrial complex outside Detroit. But even in short drive, the Nano impressed me with plenty of pep and responsive handling. Its tight turning radius will be an asset for zipping around in urban areas with tight spaces. For an entry-level car, it works. You don't get the feeling you are driving a compact car that lacks power and agility.
The US auto industry is on the fast-track to recovery and will sell one million more vehicles this year than in 2009, Autonation CEO Mike Jackson told CNBC.
Stock index futures are currently pointing to a modestly higher open for Wall Street on Wednesday, following Tuesday's mild selloff that saw the S&P 500 post its first losing session of 2010.
Plus, get the Mad Money host’s take on two other potential plays on the industry.
Three veterans of the auto industry share their thoughts in the Detroit auto show, what cars are hot and not, the industry's prospects for this year and the lessons of a disastrous 2009.
Stocks closed broadly lower as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa's disappointing results stoked unease about the economic recovery.
Sergio Marchionne has heard the comments. He knows there are plenty of people who have written off Chrysler. He knows there are scores of reporters who take the lack of auto show press conferences as a sign the company is dead in the water. He also knows Chrysler can no longer afford to make big promises it can't keep.
Friction is building between the United States and China, and it’s time for all of us to pay attention. We are on the brink of a trade war with an uncertain behemoth, and recent policy decisions from Washington are fanning the flame, writes Gary Shapiro, President & CEO of the Consumer Electronics Association.
Jean Jennings is no wallflower. She says what she thinks. It may not always turn out to be true, but that's not stopping the Editor of Automobile Magazine from saying whatever she wants. And most times, it gets your attention.
Stock index futures pointed to a lower start for Wall Street on Tuesday, after Alcoa disappointed investors with its latest earnings report.
This auto-parts maker could soon become the object of affection for Wall Street’s biggest money managers.
The Dow and the S&P 500 closed at fresh 15-month highs as shares of big manufacturers advanced on strong Chinese economic data, but the Nasdaq fell as tech shares succumbed to profit-taking.
As the Detroit Auto Show kicks off, automobile executives shared their perspectives on the economy, vehicle demand and the industry's future.
Ford remains conservative on its outlook for 2010, but sees the company making money in 2011, Alan Mulally, Ford CEO, told CNBC Monday.