General Motors said Tuesday, Oct. 27, it will move its stock listing from the New York Stock Exchange to the Nasdaq, ending a run on the Big Board that began in 1911, The Associated Press reported via KTAR News.
The automaker cited its “technology-driven strategy” for the switch. GM shares rose 2.8% in premarket trading, and the stock is expected to start trading on Nasdaq in mid-November.
The move came on a busy morning for markets. U.S. stock futures pointed higher as Coca-Cola and UPS reported better-than-expected results, and chip stocks extended gains a day after AI developer Anthropic disclosed its finances ahead of its planned public offering.
The Federal Reserve also began a two-day meeting Tuesday to decide whether to raise interest rates again after last month’s first hike in three years. Alphabet and Microsoft report earnings Wednesday, with Amazon on Thursday.
Sources: Associated Press via KTAR News. Thee Arizona Times uses AI-assisted reporting reviewed against the sources listed.
Photo: Crisco 1492 / Public domain via Wikimedia Commons.
