The Dow Jones Industrial Average
|Dow Jones Industrial Average||-64.94 [-0.49%]||13,199.55|
The news out of the Fed helped drive Bank of America
McDonald's was the biggest winner on the Dow today, up just over 1%. The company has performed insanely well through the difficult macro-environment this past decade and even got a seal of approval from a competitor today, as Burger King released a new menu that closely resembled what you'll find at Mickey-D's.
March U.S. auto-sales figures were also released today, and the numbers looked promising overall. with a 13% year-over-year increase in sales of light vehicles last month. Pent-up demand is one of many factors helping spur auto sales, as the average automobile in the U.S. is 11 years old. Automakers are also citing high gas prices as one reason for strong sales, since newer models for automakers are more fuel-efficient. Ford
In spite of General Motors'
The big picture
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Brendan Byrnes owns shares of Ford. The Motley Fool owns shares of Ford and Bank of America. Motley Fool newsletter services have recommended buying shares of McDonald's, General Motors, and Ford and creating a synthetic long position in Ford. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.