The Morning Market

Shares of Cognizant Technology Solutions (CTSH) are walking back some of their big losses from Friday. There doesn’t appear to be any new information here. CTSH is currently up 7% today.

Ford Motor (F) said that its sales were down 7.7% last month. That actually beat expectations. Overall, the auto industry is still doing well. Last month, Ford’s truck sales fell a bit but they’re still near record levels. Shares of Ford are up today.

Two econ reports this morning. The ISM Manufacturing Index for September came in at 51.5. That’s more than I had been expecting. That’s up from 49.4 in August.

The Commerce Department said that construction spending fell 0.7% in September. Wall Street had been expecting an increase of 0.2%.

In Britain, Theresa May said she’s pushing forward with Brexit plans. That caused the pound to fall to a near-30-year low.

Posted by on October 3rd, 2016 at 11:08 am


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