Auto sales were down 2.2% in September due to fewer selling weekends and low inventory on some popular models.
A combination of estimate-beating earnings and expectations that the Federal Reserve will decide in its meeting this week to continue its stimulus led stocks to rise, pushing the S&P 500 to its third record high in as many sessions.
Investors expect that the Federal Reserve will decide to continue its stimulus policy in its meeting this week. This led them to invest in the U.S. dollar, sending it up against rival currencies for the third straight session.
The S&P 500 Index has an annual gain of 23.6% this year, the most since 2003’s 26.4% gain. The S&P 500 closed up 0.1% at 1762.15 today.
For the first time in two years, pending sales of homes were lower than year-earlier levels, as reported by the National Association of Realtors.
Total production rose an unexpected 0.6%, but manufacturing production growth slowed to 0.1%.