News Summary: Energy lights up the market

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News Summary: Energy lights up the market

By The Associated Press
ENERGY LIGHTS UP: Energy stocks popped along with the price of oil, which rose because of increasing tension in oil-rich Iran. The country is threatening to block a key shipping route, which would crimp supply and raise prices.
AT THE WHEEL: Ford and General Motors both rose after they and other car companies reported higher year-over-year sales in June. But the pace of car sales for the year is still below what analysts were predicting in the spring.
FACTORY ORDERS: A report from the Commerce Department said that factory orders increased 0.7 percent in May compared with the previous month, welcome news after two months of declines.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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