59 ford

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59 Ford Galaxie Sunliner (Project Car) by Greg Gjerdingen
Via Flickr:
May need some frame work. Windy Hill, New London, Minnesota

STOCKS RALLY: Here's what you need to know

(David Ramos/Getty)
Stocks started the trading year off on a strong note before losing some of the gains during Tuesday’s session. The major indexes ultimately ended higher. 

Crude oil rallied to an 18-month high as OPEC began implementing its deal to cut production. However, amid dollar strength, oil also lost its early gains. 

Here’s the scoreboard:

  • Dow: 19,881.76, +119.16, (0.60%)
  • S&P 500: 2,257.83, +19.00, (0.85%)
  • Nasdaq: 5,429.08, +45.97, (0.85%)
  • 10-year yield: 2.45%, +0.018
  • WTI crude oil: $52.33/bbl, -1.39, (-2.59%)
  1. Ford said it would cancel plans for a new $1.6 billion plant in Mexico, and will instead invest $700 million in Michigan. CEO Mark Fields said it was not a deal with President-elect Donald Trump, who had been critical of the company. The peso fell.
  2. Trump sent out a tweet threatening to tax General Motors for manufacturing abroad. GM said most of the Chevy Cruze vehicles in question, sold in the US, were manufactured in Ohio.
  3. US manufacturing ended 2016 on a strong note, according to two surveys of the industry. The December purchasing manager’s indexes from the Institute of Supply Management and Markit Economics topped expectations. 
  4. Trump named veteran steel industry trade lawyer Robert Lighthizer as US trade representative. Lighthizer is a harsh critic of China’s trade practices.
  5. The DoubleLine Total Return Bond Fund partly run by Jeffrey Gundlach posted a net outflow of $3.5 billion in December, its biggest one-month outflow ever. That was according to data from research firm Morningstar.

Additionally:

Blackstone’s Byron Wien unveils his big surprises for 2017

Trump and his top economic adviser have had completely different views on China

The 10 biggest risks the world faces in 2017, according to Eurasia Group

We should start ignoring Trump’s tweets about the auto industry

House GOP reverses course on gutting ethics office after Trump takes a whack at them

Bill and Hillary Clinton plan to attend Trump’s inauguration. Former President George W. Bush will be there. His father will not.

NOW WATCH: Watch Yellen explain why the Federal Reserve decides to raise rates



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59 Edsel Corsair by Greg Gjerdingen
Via Flickr:
After a long, long Winter the cool cars are coming out in Minnesota. The weather was still dark, cold, wet and windy, but High School Proms and a couple of car club events brought out great cars despite the conditions. Thank you to The Minnesota Central Chapter of the AACA for bringing their Spring Fling Tour and the CCCA Spring Garage Tour to West Central Minnesota with all of your great cars. Willmar Car Club members Francis Kalvoda, Paul Aasen, Scott Jorgenson and the Schwanke Car, Truck and Tractor Museum displayed their collections to help lure so many fantastic cars and their drivers out on a rather nasty day.

flickr

59 Edsel Corsair by Greg Gjerdingen
Via Flickr:
After a long, long Winter the cool cars are coming out in Minnesota. The weather was still dark, cold, wet and windy, but High School Proms and a couple of car club events brought out great cars despite the conditions. Thank you to The Minnesota Central Chapter of the AACA for bringing their Spring Fling Tour and the CCCA Spring Garage Tour to West Central Minnesota with all of your great cars. Willmar Car Club members Francis Kalvoda, Paul Aasen, Scott Jorgenson and the Schwanke Car, Truck and Tractor Museum displayed their collections to help lure so many fantastic cars and their drivers out on a rather nasty day.

flickr

59 Mercury Montclair by Greg Gjerdingen

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59 Mercury Montclair by Greg Gjerdingen

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54-55 Chevrolet & 51 Ford & 59 Ford Trucks by Greg Gjerdingen