Construction, Muscle Cars: Hot Trends
NEW YORK (
) -- "Construction" is a hot search word today after a U.S. Department of Commerce report showed that construction spending rose in September.
U.S. construction spending increased 0.5% to an annual rate of $801.7 billion in September, beating economists' expectations of a 0.5% drop, according to
Reuters
.
Spending on public projects was up 1.3% to $319.7 billion, the highest level since July 2009, after rising 2.2% in August. State and local government spending on construction projects rose 0.8% in September compared with the 2.3% increase in the month prior.
"Muscle cars" is a trending topic after the
General Motor's
Pontiac car brand officially ceased to exist on October 31.
The end of the brand occurred at midnight when GM's agreements with Pontiac dealers expired. The American car manufacturer is most known for its muscle cars, such as the Firebird Trans Am, GTO, and the Catalina 2+2.
Pontiac Firebird Trans Am |
After a significant drop off in popularity and sales, the car maker has shut down the line. The brand was 84 years old.
The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move.
-- Written by Theresa McCabe in Boston.
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