Why General Motors Stock Is Rising Today
Shares of General Motors (NYSE: GM) were moving higher on Friday, on new signs that the economy might be recovering from coronavirus-induced disruptions more quickly than had been expected. As of 2:15 p.m. EDT, GM's shares were up about 3.9% from Thursday's closing price. The U.S. Bureau of Labor Statistics reported on Friday morning that total non-farm employment rose by 2.5 million jobs in May, driving the unemployment rate down to 13.3% from 14.7% in April.
