U.S. Stocks Attempt Rebound at Opening Bell on Strong Auto Sales




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Summary: Stocks rebounded mildly at the opening bell on this Tuesday. The International Council of Shopping Centers/Goldman Sachs weekly index showed chain stores sales fell 1.8% for the week ending November 29 from the prior week but were up 2.8% from last year. Walmart (WMT) had a record-breaking Cyber Monday. The retail giant said it had the most online orders in a single day in its history. Mobile sales accounted for nearly 70% of traffic to Walmart.com. Auto sales are off to a good start with Chrysler reporting a 20% jump in sales, while GM sales climbed 6.5%. Ford didn't fare as well with sales dropping 1.8% but less than the 2% drop expected. Opening statements are set to begin in a class action lawsuit that could cost Apple (AAPL) $1billion. Jurors will hear from late founder Steve Jobs, who gave a videotaped deposition, just months before he died. The case involves accusations that Apple monopolized the digital music player market.