Economic data for the session was mixed. On one hand, the August ADP Employment Change indicated that private payrolls fell by 10,000; this is contrary to the increase of 13,000 which was widely expected. This is tempered by an increase in the ISM Manufacturing Index which was 56.3 when a 52.9 was widely expected. Despite mixed numbers, the indexes surged higher with some 98% of S&P 500 stocks positive.

Apple Inc. introduces a new version of its Apple TV device. The device which streams movies and TV shows over the internet will be $99 from $229. The device which has been around since 2007 but has 'never been a hugh hit' says CEO Steve Jobs.

Auto sales experienced their worst August in 27 years. Slow downs were felt by all the participants from Toyota to Hyundai. J.D. Power and Associates' Jeff Schuster says 'There hasn't been enough horsepower behind the recovery to motivate consumers to regain their confidence and purchase vehicles at a higher rate'. Automakers are lowering costs on average at 3 percent or $2,681 per vehicle as well as decreasing production.

© HGH Associated Press

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