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Markets Are Rallying

Sam RoJan 3, 2014, 20:45 IST

@britt_mogul_cox

After yesterday's big sell-off, stocks are making a decent comeback today.

The Dow is up 51 points. The S&P 500 is up 4.4 points. The Nasdaq is up 2.0 points.

Today's gains come as the big automakers report their December sales.

So far, Chrysler, Ford, GM, and Toyota all missed expectations.

Analysts had been expecting to see total vehicle sales of 16.00 million units at an annualized rate.

"After a strong end to November over Black Friday weekend lifted sales for the month to six-year high of 16.3 million units annualized, initial mid-month industry surveys observed some slowing in sales in the first half of December, reflecting the pull forward into November as well as a drag from December winter storm," said Morgan Stanley's Ted Wieseman. "Renewed upside was expected in the second half of the month, but overall December sales may show a 5% pullback after jumping 8% in November."