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"The trend is definitely still up as we continue to benefit from low rates, which has been driving money into the market for years," says Bruce Bittles, chief investment strategist at Robert W. Baird& Co in Nashville. Yahoo Inc is up 3.2 percent at $40.86 as the S&P's biggest percentage gainer.
In today's The Good, The Bad, and The Ugly: Ford's executive chairman addresses a downgrade by Morgan Stanley, GE finally uploads its appliance business, and the CEO of Hertz steps down.
Ford Motor Co. fell$. 33 or 1.9 percent, to $16.82. General Motors Co. fell$. 39 or 1.1 percent, to $33.90. Honda Motor Co. fell$. 02 or. 1 percent, to $33.83.
Yahoo Inc is up 3 percent at $40.79, the S&P's biggest percentage gainer. The largest percentage gainer on the New York Stock Exchange is Acorn International Inc, up 6.80 percent, while the largest percentage decliner is Callon Petroleum, down 7.46 percent.
CNBC's Jim Cramer shares his view of Ford and the auto industry after the company was downgraded by Morgan Stanley.
With auto sales roaring back to life, the executive chairman at Ford Motor warned on CNBC that lenders and consumers should not fall back on old habits.
NEW YORK, Sept 8- Yahoo Inc is one of the biggest movers in premarket trading on Monday, up 2.8 percent at $40.69 as the Nasdaq's most active name in anticipation of Alibaba Group Holding Ltd's initial public offering. Yahoo is a favorite way for investors to play Alibaba, the massive Chinese e-commerce company, given Yahoo's stake in the company.
"I think we have to be careful because we don't want to get into a situation like we did before where consumers are over extended," the executive chairman of Ford Motor tells CNBC.
CNBC's Phil LeBeau and Bill Ford, Ford Motor executive chairman, discuss Morgan Stanley's downgrade of Ford Motors. I feel very good about our future, says Ford. We have a lot of new launches coming to the marketplace.
CNBC's Phil LeBeau talks with Bill Ford, Ford Motor executive chairman about the future of autonomous driving. It will be an evolution, says Ford.
Some of the names on the move ahead of the open.
DETROIT— Cars that can talk to each other and almost drive themselves at freeway speeds are just two years away from the showroom, according to General Motors executives. The announcements were made Sunday at the opening of the Intelligent Transportation Society World Congress being held in Detroit this week.
DETROIT, Sept 7- General Motors Co will introduce in two years its first car that can communicate with other vehicles to help avoid accidents and ease traffic congestion, Chief Executive Mary Barra said on Sunday. Meanwhile, Internet search company Google Inc is working to develop fully autonomous vehicles.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Bank of America Corp. fell. 8 percent to $15.98 with 39,569,500 shares traded. Citigroup Inc. fell. 9 percent to $52.00 with 8,919,300 shares traded.
Ford Motor Co. fell$. 12 or. 7 percent, to $17.15. General Motors Co. fell$. 29 or. 8 percent, to $34.35. Honda Motor Co. fell$. 07 or. 2 percent, to $33.82.
SHANGHAI, Sept 5- Ford Motor Co will recall 191,770 cars in China from Friday to replace some parts after a quality watchdog found a fuel leak risk in the Ford Focus, the country's best-selling compact sedan.
DETROIT, Sept 5- A group of companies, including several large automakers, have joined a public-private research initiative to lay the groundwork for a system that wirelessly connects vehicles and helps smooth the flow of traffic, the University on Michigan said on Friday.
Ford Motor Co. fell$. 06 or. 3 percent, to $17.21. General Motors Co. fell$. 22 or. 6 percent, to $34.41. Honda Motor Co. fell$. 08 or. 2 percent, to $33.81.
Ford Motor Co. fell$. 20 or 1.1 percent, to $17.27. General Motors Co. rose$. 16 or. 5 percent, to $34.63. Honda Motor Co. fell$. 07 or. 2 percent, to $33.89.
Ford Motor Co. fell$. 03 or. 2 percent, to $17.44. General Motors Co. rose$. 05 or. 1 percent, to $34.52. Honda Motor Co. rose$. 04 or. 1 percent, to $34.00.