Why General Motors Stock Is Down Today
Shares of General Motors (NYSE: GM) were trading lower on Thursday, amid a broader decline in consumer discretionary stocks triggered by investor worries about rising COVID-19 cases in U.S. states that have reopened.
As of noon EDT, GM's shares were down about 6.4% from Wednesday's closing price.
Traders and investors were reacting on Thursday to reminders that U.S. coronavirus cases are still rising, and that the pandemic has not yet passed. There are now over 2 million cases, and -- notably -- COVID-19 hospitalizations have been rising in some of the states that were aggressive about reopening, including California, Florida, and Texas.
Source Fool.com
