Auto Sales Fail to Inspire

Last Update: 03-Nov-09 14:00 ET

Dow -25.17 at 9764.27, Nasdaq -2.13 at 2047.07, S&P +0.03 at 1042.91

[BRIEFING.COM] Shares of automakers are down 1.7%, collectively, following monthly sales results from several major players. Ford (F 7.47, -0.11) said its October sales increased 3.1%, while Toyota Motor (TM 78.92, -0.20) said its U.S. sales in October declined 3.5% from the previous year. Nissan Motor (NSANY 14.31, -0.04) reported a 5.6% increase in North America sales during October and General Motors posted a 4% year-over-year gain for U.S. sales in October.

Meanwhile, the broader market continues to lack direction as it trades in choppy fashion along the neutral line.

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