|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||108.47 - 108.98|
|52 Week Range||90.16 - 108.98|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.48%|
Auto sales dropped for the fifth consecutive month, setting the stage for the first annual decline since 2009, ending a string of seven annual gains for the industry.
This article is part of a regular series of thought leadership pieces from some of the more influential ETF strategists in the money management industry. Today’s article features Gary Stringer, president and chief investment officer of Memphis, Tennessee-based Stringer Asser Management. Business and consumer confidence levels in the U.S. and abroad continue to reflect improving global economic fundamentals.
On January 4, Macy's disclosed 68 store closures—three stores closed in mid-2016, 63 stores slated to close in early spring 2017, and two in mid-2017.
2016 was another banner year for the U.S. auto industry as sales climbed 0.4% year over year to an annualized 17.55 million units, breaking an all-time record of 17.47 million vehicles in 2015.