GM Gains Nearly 5% on Restructuring Plan - Adviser Investments

GM Gains Nearly 5% on Restructuring Plan

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Monday, November 26. All major U.S. stock indexes rallied, with the Dow Jones Industrial Average, S&P 500 and NASDAQ gaining 1.5%, 1.6% and 2.1%, respectively. General Motors was one of the day’s largest gainers: Its stock rose nearly 5% after announcing plant closures and layoffs—a move that the company anticipates could increase free cash flow by $6 billion by 2020. Apple, on the other hand, fell around 2% in after-hours trading on tariff-related concerns.

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