Stocks fall as October opens on Ebola fears and weak data
U.S. markets slid on October’s first trading day as German manufacturing slowed along with ISM data, dragging the Dow 238 points to 16804 while the S&P 500 and Nasdaq dipped. Investors sought havens in bonds and gold as Ebola concerns and European slowdown spurred risk-off moves.
MENTIONED IN THIS ARTICLE
New York
U.S
Tom di Galoma
Ed&f Man Capital
Standard & Poor
Institute For Supply Management
Germany
Markit
Europe
Russia
Naples
Italy
European Central Bank
ECB
Mario Draghi
DAX
France
U.K
Matthew Rubin
Neuberger Berman
Treasury
ADP reports 213000 private jobs added in September
The ADP figure shows private employers adding 213000 jobs in September, up from 202000 in August, suggesting solid hiring and a possible rebound in the government payrolls report. Manufacturing led gains with 35000 jobs, auto sector hiring strong. construction added 20000.
MENTIONED IN THIS ARTICLE
Washington
Uss
ADP
FactSet
Jim O’sullivan
Mark Zandi
Moody’s Analytics
Zandi
Trucks Lift U.S. Auto Sales Amid Ford Truck Shortfall
General Motors posted 223,437 U.S. vehicle sales in September, a 19 percent rise year over year, led by trucks and crossovers. Ford fell 3 percent to 180,175 as it shifts from rental business while GM outsells Ford in trucks with strong Silverado and GMC Sierra gains. Chrysler Group rose 19 percent to 169,890 with Ram pickups up 30 percent as rivals chase the plush truck market.
MENTIONED IN THIS ARTICLE
Ford
U.S
General Motors Co
Kurt McNeil
George Magliano
IHS Automotive
Magliano
IHS
Ford Motor Co
Chevrolet
Jessica Caldwell
Edmunds.com
Chrysler
Chrysler Group
GM aims at new models and China push to lift profits
GM chief Mary Barra told investors the automaker will roll out a raft of new models and invest 14 billion dollars through 2018 to boost China sales and overall profits. She emphasized a strong plan after a costly ignition switch recall tied to 23 deaths. The plan targets about 5 million annual sales in China, up from 3.2 million last year.
MENTIONED IN THIS ARTICLE
General Motors
Mary Barra
China
U.S
Barra
Ford adds 1000 jobs at Oakville Canada plant
Ford Motor Co says it will hire 1000 more workers at its Oakville Ontario assembly site to build the 2015 Edge crossover for global markets. The plant’s expansion follows a 700 million dollar investment, with 140 million from two levels of government, and will lift total Oakville production to support Edge Flex and Lincoln models for export to over 100 countries. By end of 2014 total Oakville employment will exceed four thousand, part of Ford’s roughly six thousand Canadian workforce.
MENTIONED IN THIS ARTICLE
Toronto
Ford Motor Co
Ford
Oakville
Ontario
Canada
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