Canada markets closed
  • S&P/TSX

    18,648.92
    +341.01 (+1.86%)
     
  • S&P 500

    3,719.04
    +71.75 (+1.97%)
     
  • DOW

    29,683.74
    +548.75 (+1.88%)
     
  • CAD/USD

    0.7337
    -0.0014 (-0.19%)
     
  • CRUDE OIL

    81.71
    -0.44 (-0.54%)
     
  • BTC-CAD

    26,532.31
    +327.20 (+1.25%)
     
  • CMC Crypto 200

    447.10
    +18.32 (+4.27%)
     
  • GOLD FUTURES

    1,665.90
    -4.10 (-0.25%)
     
  • RUSSELL 2000

    1,715.24
    +52.73 (+3.17%)
     
  • 10-Yr Bond

    3.7050
    -0.2590 (-6.53%)
     
  • NASDAQ futures

    11,528.25
    -27.50 (-0.24%)
     
  • VOLATILITY

    30.18
    -2.42 (-7.42%)
     
  • FTSE

    7,005.39
    +20.80 (+0.30%)
     
  • NIKKEI 225

    26,173.98
    -397.89 (-1.50%)
     
  • CAD/EUR

    0.7555
    +0.0008 (+0.11%)
     

Why General Motors Shares Spiked Monday

·2 min read

Shares of General Motors (NYSE: GM) jumped as much as 6% Monday after the Senate passed the Inflation Reduction Act Sunday, which has some major climate change provisions to help electric vehicle (EV) sales. GM stock was still up 4.7% as of 3:32 p.m. ET. The new legislation passed by the Senate this weekend is now likely to be approved by the House of Representatives and signed into law by President Joe Biden.