After a relatively uneventful start to the week, and given that the market closes at 1 p.m. EDT in advance of Independence Day, it's likely we'll experience a boring, low-volume day for equity markets. Luckily for those of us who write for a living, there are still some interesting news items on tap for today. But before diving into today's news, let's take a look at how markets finished up yesterday.
|Dow Jones Industrial Average ||(8.7)||(0.07%)||12,871|
|S&P 500 ||3.4||0.25%||1,365|
One of the main news items today will be June vehicle sales. On an industrywide basis, sales are expected to rise to a 13.9 million annualized rate from 13.8 million in May. That's down from the first four months of 2012, when vehicle sales exceeded the 14 million mark, but it still amounts to a 21% annual increase following the shortages caused by the Japanese earthquake and tsunami. Domestic manufacturers reporting sales this morning include Ford
Fun with noncash charges
Smell something? That's the smell of burning cash. While Microsoft
Foolish bottom line
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The Motley Fool owns shares of Ford Motor, Microsoft, and Google. Motley Fool newsletter services have recommended buying shares of Ford Motor, Google, Microsoft, and General Motors. Motley Fool newsletter services have also recommended creating a synthetic long position in Ford Motor and a bull call spread position in Microsoft. The Motley Fool has a disclosure policy. We Fools may not 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.