What's Happening With GM Stock Tuesday
Portfolio Pulse from Henry Khederian
General Motors (GM) shares are trading higher by 1.81% to $37.34 following a softer-than-expected CPI report, which showed slowing inflation in May. Lower interest rates can stimulate borrowing and make auto loans more affordable, potentially driving up car sales.

June 13, 2023 | 3:53 pm
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GM shares are up 1.81% due to a softer-than-expected CPI report, which could lead to lower interest rates, making auto loans more affordable and potentially increasing car sales.
The softer-than-expected CPI report indicates slowing inflation, which reduces the likelihood of aggressive interest rate hikes. Lower interest rates can stimulate borrowing and make auto loans more affordable, potentially driving up car sales. This directly benefits General Motors, as it could lead to increased demand for their vehicles, positively impacting their stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100