U.S. stocks opened the week flat to slightly higher as investors brace for a slew of economic data ranging from manufacturing to consumer confidence to the monthly jobs report. Sears (SHLD) said today that a gain from the spinoff of its real estate will likely drive its first profit in 3 years, though the retailer said sales continue to slide in its second quarter. Sears completed the spinoff of 235 of its properties into a real-estate investment trust, Seritage Growth Properties, in July in a move to raise cash. Auto Sales for July are strong. Ford (F) reported the strongest July sales in 9 years. Nissan’s U.S. sales set a July record on light truck sales. Fiat-Chrysler (FCAU) sales were better than expected as it continues to see red hot sales of its Jeep brand.
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