While you were sleeping: GM, Ford stocks rally

Wed, 04 Jan 2017

By Margreet Dietz Jan. 5 (BusinessDesk) - Shares of US car makers including General Motors climbed as their latest monthly sales beat expectations, bolstering optimism about the outlook. Shares of General Motors rallied, trading 5.3 percent stronger as of 1.17pm in New York, as the country’s top carmaker posted better-than-expected sales for December. Its rivals surprised too. Shares of Ford Motor traded 5.2 percent higher. “Key economic indicators, especially consumer confidence, continue to reflect optimism about the US economy and s...

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