Caterpillar Inc. (CAT), McDonald’s Corporation (MCD): The Dow Jones Industrial Average (.DJI) Rebounds for the Wrong Reason

Outside the Dow Jones Industrial Average (INDEXDJX:.DJI), automotive investors are waiting for major automakers to report August sales next week, hoping that the strong sales pace will continue throughout 2013. A combined forecast by J.D. Power & Associates and LMC Automotive predicts that sales in August could hit the 16 million mark for the first time in roughly six years. While retailers have seen weakness in consumer spending recently, cheap financing and strong pent-up demand have continued to fuel vehicle sales in the U.S. market. Investors also need to keep in mind that August sales could be slightly inflated, as Labor Day sales are counted in August instead of September, according to LMC Automotive.

The article The Dow Rebounds for the Wrong Reason originally appeared on Fool.com and is written by Daniel Miller.

Fool contributor Daniel Miller has no position in any stocks mentioned. The Motley Fool recommends McDonald’s. The Motley Fool owns shares of McDonald’s.

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