Auto sales rebound after 2020 drop amid pandemic impact
US new vehicle sales fell 14.6 percent in 2020 but showed a second half revival as vaccinations and warmer weather raised optimism for a 2021 rebound. GM and Hyundai executives foresee improvement while industry forecasters note tight inventories and strong demand for pricier models.
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Stocks rise as small caps lead market rebound
U S stocks rebounded on Tuesday with the S&P 500 up 0.7 percent and the Russell 2000 gaining 1.7 percent as oil stocks led gains and a cautious mood persisted amid pandemic uncertainty. Treasury yields rose and traders monitored possible Senate election impact.
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