After waiting for weeks for a resolution on General Motors (GM Quote), Monday brought more clarity on the automaker's future. But even with the GM bankruptcy in the rearview mirror, traders will still have to focus on carmakers during Tuesday's session.
That's because auto sales data for May are scheduled to be released throughout the day, and it will likely serve as one more reminder of GM's recent woes.
There may be a glimmer of hope yet, though. Edmunds.com is forecasting that May new-vehicle sales will show an increase of 8.9% vs. April's sales figures. But make no mistake about it, sales are still depressed when compared with last year. ...
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