U.S. stocks (^DJI, ^GSPC, ^IXIC) stabilize after a surprise cash injection from China’s central bank calmed investors' nerves. All three major indices posted steep losses to start the week, with the S&P 500 making the worst start to a new year in more than a decade.
To discuss some of the other stories Yahoo Finance is keeping an eye on today, Alexis Christoforous is joined by Yahoo Finance's Rick Newman and Bobbi Rebell, a television and multimedia reporter at Reuters.
Record month for auto sales
December was a gangbuster month for auto sales, shattering the record set in 2000. The Big Three automakers all reported substantial gains, led by Fiat Chrysler (FCAU), which set a 90-year record. Ford (F) and GM (GM) posted positive results as well. But are investors in these companies getting rewarded for these sales?
Smith & Wesson surges to new 52-week high
Smith & Wesson (SWHC) beat expectations this morning, just in time for Obama's press conference on gun control today. The president plans to use his executive powers to require stricter background checks, including purchases made at gun shows and online. Should gun manufacturers be worried?
Are consumers bored with today's technology?
A new survey by Accenture finds that consumers are getting bored with today’s technology. While people may not be excited about smartphones, tablets and laptops, interest in newer gadgets like smartwatches and drones is failing to fill the gap. How alarming are the findings in this study?