News Summary: Stocks end higher, led by car sales

AP News
Posted: Sep 04, 2013 5:38 PM

CARS: A jump in U.S. auto sales and other good news on the economy helped drive the stock market higher Wednesday. General Motors and other carmakers surged after posting strong sales in August, giving the industry its best month in six years.

WHOOPS: The Nasdaq Stock Market ran into technical problems for the second time in two weeks. The exchange reported that its system for disseminating prices had a brief outage, from 11:35 a.m. to 11:41 a.m., but said trading was not affected.

FINAL SCORE: The Standard & Poor's 500 index rose 13.31 points, or 0.8 percent, to close at 1,653.08. The Dow Jones industrial average gained 96.91 points, or 0.7 percent, to 14,930.87.